Stock Market Today: Wall Street Drifts After Jobs Report Comes in Warm but Hopefully Not Too Hot

Stock Market Today: Wall Street Drifts After Jobs Report Comes in Warm but Hopefully Not Too Hot
Traders work on the floor at the New York Stock Exchange in New York on July 1, 2022. Seth Wenig/AP Photo
The Associated Press
Updated:

NEW YORK—Wall Street drifted to a mixed finish Friday after data suggested the U.S. job market is still warm enough to keep the economy growing but maybe not so hot that it stokes inflation much higher.

The S&P 500 lost 12.64 points, or 0.3 percent, to 4,398.95, though slightly more stocks within the index rose than fell. The Dow Jones Industrial Average gave up 187.38, or 0.6 percent, to 33,734.88, and the Nasdaq composite edged down by 18.33, or 0.1 percent, to 13,660.72.