The S&P 500 Index ($SPX) (SPY) today is down -0.40%, the Dow Jones Industrials Index ($DOWI) (DIA) is down -0.49%, and the Nasdaq 100 Index ($IUXX) (QQQ) is down -0.14%.
Stocks are lower after today’s weak US payroll report, which solidified market expectations for at least two Fed rate cuts by year-end. However, the unemployment report also suggested slower US economic growth, which would be negative for US corporate earnings.
