Stocks close mostly lower Friday, but major indexes sweep to weekly gains
Stocks end mostly lower Friday after a strong June jobs report, while still booking solid gains in the first full trading week of July. The Dow Jones Industrial Average shed about 45 points, or 0.1%, ending near 31,339. The S&P 500 index fell 0.1%, while the Nasdaq Composite Index ended 0.1% higher, according to FactSet. Stocks slumped into the closing bell, as investors focused on recession fears and a potentially more aggressive pace of rate hikes to come from the Federal Reserve, as it looks to cool inflation in a backdrop of a robust labor market. For the week, the Dow gained 0.8% and the S&P 500 rose 1.9%, while the Nasdaq Composite gained 4.6%.
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