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VOL. 46 | NO. 27 | Friday, July 8, 2022

Wall Street ends winning week with mixed close on jobs data

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NEW YORK (AP) — Wall Street is closing out a winning week with a sputtering finish on Friday, as stocks waffled following a stronger-than-expected report on the U.S. jobs market.

The S&P 500 slipped 0.1% after earlier flipping between a loss of 0.9% and a gain of 0.4%.

A surprisingly strong jobs report showed that employers are continuing to hire despite worries about a possible recession. But the data also likely keeps the Federal Reserve on track to raise interest rates sharply.

Treasury yields rose.

Despite its weak finish, the S&P 500 delivered just its third winning week in the last 14.

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TNLedger.com Knoxville Editon
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 0 0 0
MORTGAGES 0 0 0
FORECLOSURE NOTICES 0 0 0
BUILDING PERMITS 0 0 0
BANKRUPTCIES 0 0 0
BUSINESS LICENSES 0 0 0
UTILITY CONNECTIONS 0 0 0
MARRIAGE LICENSES 0 0 0