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Wall Street Dips After Strong Jobs Report

2019-07-12 9 Dailymotion

According to Reuters, U.S. stocks slipped at the opening bell on Friday in response to a strong rebound in U.S. job growth in June.<br />The healthy jobs report dashed hopes of an aggressive interest rate cut by the Federal Reserve later this month.<br />The closely watched report led investors to scale back bets of a 50 basis point rate cut by the central bank.<br />Nonfarm payrolls rose by 224,000 jobs last month, the most in five months, the Labor Department data showed. <br />

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