US stocks close with small losses amid rates turmoil

Friday, 05. July 2019 22:03

The dollar stayed significantly higher by the closing bell on Friday on Wall Street and oil held strong gains but investors took back most of the drop in stocks. Treasury yields were sharply up for the day as the slump in bond prices was maintained. Markets suffered a shock with a surprisingly robust jobs report for the United States for last month, where upbeat numbers spurred doubt that the Federal Reserve would cut interest rates as much as Chair Jerome Powell and other central bank officials hinted.

The Dow Jones index slipped 0.16% and 3M remained at the bottom of the pile, bleeding 1.7%. The Nasdaq 100 retreated 0.21% and the S&P 500, the widest of the three, declined 0.18%. The two benchmarks both had Electronic Arts as the worst performer, down 4.6%.

Precious metals mostly remained deeply in negative territory. Gold was down 1.06% at $1,400.07 per ounce on 4:06 pm ET. The euro was down 0.53% at $1.1253 and the pound dipped 0.45% to $1.25234.

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