U.S. stocks dipped on Friday, as the S&P 500 snapped a three-day streak of recor...
The jobs report also pointed to slowing wage growth and mounting evidence that the economy was losing momentum, which could still give the Fed enough of a cushion to cut rates at the end of the month.The Fed, in its semiannual report to Congress, repeated its pledge to “act as appropriate” to sustain the economic expansion, and said while U.S. economic growth continued “at a solid pace” in the first half of the year, it likely weakened in recent months as higher tariffs weighed.
The defensive names such as real estate .SPLRCR, utilities .SPLRCU and consumer staples .SPLRCS - each lost ground as a rise in U.S. Treasury yields served to make the dividend-paying companies less attractive.
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