Dow slips as Nasdaq jumps after weak jobs data cools Fed rate hike bets

US stocks were mixed after the July jobs report came in weaker than expected, reducing expectations for a Fed rate hike in September. The Dow slipped ~0.11% (about 60 points) while the S&P 500 rose ~0.37%, reflecting shifting interest-rate expectations tied to the data.

Analysis

US stocks were mixed after the July jobs report came in weaker than expected, reducing expectations for a Fed rate hike in September. The Dow slipped ~0.11% (about 60 points) while the S&P 500 rose ~0.37%, reflecting shifting interest-rate expectations tied to the data.