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Barchart
Barchart
Rich Asplund

Stocks Mixed on Weak US Labor Market News

The S&P 500 Index ($SPX) (SPY) today is up +0.03%, the Dow Jones Industrials Index ($DOWI) (DIA) is down -0.16%, and the Nasdaq 100 Index ($IUXX) (QQQ) is up +0.17%.  September E-mini S&P futures (ESU25) are down -0.04%, and September E-mini Nasdaq futures (NQU25) are up +0.10%. 

Stock indexes today are mixed.  Apple and Tesla are up more than +2% today to lead technology stocks higher.  However, gains in the broader market are limited by concern that the US labor market is weakening after the June ADP employment report showed that employment at US companies unexpectedly declined for the first time in more than two years.  Weakness in health insurance stocks is also weighing on the overall market, led by a -37% plunge in Centene after it withdrew its 2025 guidance due to insurance market trends that differed from its initial assumptions.

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