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US STOCKS SNAPSHOT-S&P futures jump on stronger-than-expected jobs report
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Slide in UK mining stocks dulls third week of gains for FTSE 250
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Wall Street closes mixed, S&P 500 ends off record high
FILE PHOTO: A Wall Street sign is pictured outside the New York Stock Exchange in New York, October 28, 2013. REUTERS/Carlo Allegri
August 5, 2021
By Echo Wang
(Reuters) – U.S. stocks closed mostly lower on Wednesday, with the S&P 500 falling from a record high after data signaled a slowdown in jobs growth in July, and General Motors tracked its worst day since early March.
GM’s shares slumped 8.9%, underscoring the uncertainty facing global automakers at a time of technological and economic disruption. Shares of rival Ford Motor Co fell 5.0%.
Nine of the 11 S&P indexes were lower, with industrials and energy both slipping, as data showed U.S. private payrolls increased far less than expected in July, likely constrained by shortages of workers and raw materials.
Translate Bio surges on sale to Sanofi in $3.2-bln deal
Focus on services sector data, jobs report this week
Indexes up: Dow 0.8%, S&P 0.82%, Nasdaq 0.55%
NEW YORK, Aug 3 (Reuters) - The S&P 500 index closed at record high on Tuesday on gains in Apple and healthcare stocks, despite concerns over a surge in the Delta variant of the coronavirus taking some shine off an upbeat corporate earnings season.
Ten of the 11 S&P indexes traded higher, with energy stocks (.SPNY) rebounding after getting hit by a dip in oil prices .
âEven though the pandemic is still with us in certain places where there are pockets of this and that, the broad shutdowns of economies are not going to happen. And I think it demonstrates that consumption patterns are super strong, which is the underlying factor that really keeps markets up,â said Jamie Cox, managing partner at Harris Financial Group in Richmond, Virginia.
Futures tread water after S&P 500 hits record high
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