Stock Market Today: Wall Street Slips Following Mixed Reports on US Job Market, Big Tech Earnings

Stock Market Today: Wall Street Slips Following Mixed Reports on US Job Market, Big Tech Earnings
People walk past the New York Stock Exchange in New York on June 29, 2022. Julia Nikhinson/AP Photo
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NEW YORK—Stocks closed lower following mixed reports about the U.S. job market and profits at two of Wall Street’s most influential stocks. The S&P 500 fell 0.5 percent Friday, its fourth straight loss. The Dow Jones Industrial Average lost 150 points, or 0.4 percent, and the Nasdaq composite fell 0.4 percent. Treasury yields sank after the government said hiring was a touch weaker last month than expected. That could help keep pressure off high inflation. Amazon jumped after reporting a much bigger profit than expected. Apple slumped after reporting revenue that just barely topped forecasts.

THIS IS A BREAKING NEWS UPDATE. AP’s earlier story follows below.