LPL Financial
Coverage of LPL Financial in the Nexus archive.
- Markets dip slightly, even with positive inflation news
Markets declined as renewed US-Iran conflict and rising oil prices offset positive inflation reports showing disinflation in June. The Dow, S&P 500, and Nasdaq all dropped, while energy prices and tariff-related inflation showed signs of easing.
- ‘More fizzle than sparkle’: June jobs report fails to launch a July 4 firework
June’s jobs report showed weaker-than-expected job growth with 57,000 payrolls added, down from previous months, and a drop in labor force participation to 61.5%, as economists noted concerns over a shrinking labor force and mixed sector performance.
- Markets fall, as good jobs data indicate no interest rate cuts
U.S. stocks declined as strong jobs data reduced expectations of interest rate cuts, with the Nasdaq, Dow Jones, and S&P 500 all posting weekly losses. The May employment report showed 172,000 jobs added, surpassing forecasts, while inflation concerns and economic indicators like the ISM reports and Beige Book highlighted ongoing challenges.