Stock Market Today: Dow Hits Record on Rousing Jobs Report
There were no ifs, ands or buts about it among Wall Street's experts – July's job report was good. But concerns about whether it was so good that it would affect Federal Reserve monetary policy kept a lid on parts of the market Friday.
Nonfarm payrolls jumped by 943,000 in July, topping estimates by 100,000 jobs, and the unemployment rate declined to 5.4% from 5.9% in June. Better still, June's count was revised higher by 88,000 jobs to 938,000.
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