Warsh remarks weigh on rate outlook as Dow leads while Nasdaq slips
TL;DR Summary
US stocks were mixed as traders parsed Kevin Warsh’s remarks at an ECB forum: the Dow rose about 0.6%, the S&P 500 gained roughly 0.2%, while the Nasdaq dipped around 0.3%; investors also weighed softer June payroll data and fewer job cuts ahead of the jobs report, with oil prices pulling back after earlier gains.
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