Markets retreat as Warsh panel signals Fed path ahead of jobs data
U.S. stocks pulled back on Wednesday as investors watched for clues on the Federal Reserve’s policy path from remarks by former Fed official Kevin Warsh; the Dow fell about 0.4%, the S&P 500 around 0.5%, and the Nasdaq about 0.8%, with ADP data showing cooler private payroll growth and Challenger noting fewer anticipated layoffs ahead of Thursday’s June jobs report, while oil prices pared gains ahead of the Fourth of July holiday.