These 2 Gold Stocks are Top Picks

The Dow and S&P spent the whole day in negative territory

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Market Recap
 
 

7/05/2019

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Stocks Retreat from Records on Rate Cut Anxiety

By Karee Venema

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The Dow was down more than 230 points at its session low after this morning's impressive payrolls report lessened expectations for a half-point rate cut at the Fed meeting in late July -- though markets are still pricing in near-unanimous projections for a 25 basis point cut. The blue-chip index pared these losses significantly by the close, as bank stocks rose on surging bond yields. The S&P and Nasdaq also eased back from Wednesday's record highs, though all three indexes notched impressive weekly gains.

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