Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., July 1, 2019. REUTERS/Brendan McDermid
July 5, 2019
(Reuters) – U.S. stocks slipped at the open on Friday as a strong rebound in U.S. job growth in June dashed hopes of an aggressive interest rate cut by the Federal Reserve later this month.
The Dow Jones Industrial Average <.DJI> fell 98.25 points, or 0.36%, at the open to 26,867.75. The S&P 500 <.SPX> opened lower by 11.57 points, or 0.39%, at 2,984.25. The Nasdaq Composite <.IXIC> dropped 46.95 points, or 0.57%, to 8,123.28 at the opening bell.
(Reporting by Medha Singh in Bengaluru; Editing by Arun Koyyur)
