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Wall Street shrugs off drop US private sector jobs
- Wall Street showed resilience, as the S&P 500 and Nasdaq Composite were higher despite an unexpected loss of 33,000 private sector jobs in June, indicating possible labor market weakness due to looming tariffs on trading partners.
- U.S. President Donald Trump ruled out a delay on new tariffs, contributing to market uncertainty as investors followed the potential impacts of his budget bill.
- Concerns about Trump's budget bill could add approximately $3 trillion to the national debt, affecting investor optimism over tax cuts.
- Few governments have reached agreements to prevent new tariffs from taking effect next week, according to White House officials.
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ABC FOX Montana+17 Reposted by 17 other sources
Wall Street shrugs off drop US private sector jobs
Wall Street on Wednesday largely shrugged off data showing an unexpected drop in US private sector jobs and US President Donald Trump ruling out a fresh tariffs delay.
·Missoula, United States
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Coverage Details
Total News Sources20
Leaning Left1Leaning Right7Center4Last UpdatedBias Distribution58% Right
Bias Distribution
- 58% of the sources lean Right
58% Right
C 33%
R 58%
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