Investors Weary About State Of Economy, US Stocks Remain Little Changed
Stocks remained fairly unchanged today as investors turned their attention to the health of the US economy and the Fed’s decision about future interest rate hikes.
At midday, the Dow Jones had shed 16 points, or 0.1% to 17903, and the S&P 500 dropped by the same amount—0.1%, the Wall Street Journal reports.
One sign of the nation’s economic standing will come tomorrow when the Labor Department releases June’s jobs report. May’s report was less than impressive as employers added only 38,000 jobs—the worst month since September 2010. Analysts project stronger results for June, and even modest gains would encourage investors that “we’re not going toward a recession,” Warren Financial Service investment officer Randy Warren says. [WSJ]