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Stock Market Today: Nasdaq Falls After June Hiring Misses Expectations — Live Updates WSJDow rises more than 200 points to record, Nasdaq falls again as chipmakers struggle: Live updates CNBCChip Stocks Tumble Again, Jobs Cool and Rivian Rallies | Markets P.M. for July 2 WSJNasdaq ends lower with tech; investors assess softer jobs data Reuters
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A drop in the unemployment rate helped provide some upside to what was an otherwise downbeat jobs report — but it was for all the wrong reasons.
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The unemployment rate ticked down to 4.2 percent, but average hourly earnings were steady, giving Kevin Warsh, the Federal Reserve chairman, room to focus on fighting inflation.
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