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VOL. 47 | NO. 32 | Friday, August 4, 2023
Stock market today: Wall Street slips following mixed reports on US job market, Big Tech earnings
NEW YORK (AP) — Stocks closed lower following mixed reports about the U.S. job market and profits at two of Wall Street's most influential stocks.
The S&P 500 fell 0.5% Friday, its fourth straight loss. The Dow Jones Industrial Average lost 150 points, or 0.4%, and the Nasdaq composite fell 0.4%.
Treasury yields sank after the government said hiring was a touch weaker last month than expected. That could help keep pressure off high inflation.
Amazon jumped after reporting a much bigger profit than expected. Apple slumped after reporting revenue that just barely topped forecasts.