Stocks end mostly lower as investors assess Fed path after hot July jobs report


Stocks ended mostly lower Friday but off session lows as investors assessed how the Federal Reserve will respond to data that showed the U.S. economy added 528,000 jobs in July, far exceeding the 258,000 expected by economists. Fed-funds futures traders penciled in a nearly 70% probability of a 75 basis point rate hike when policy makers meet in September, up from around 30% on Thursday. The Dow Jones Industrial Average DJIA, +0.23% rose around 75 points or 0.2%, to close near 32,802, according to preliminary figures, while the S&P 500 SPX, -0.16% shed 0.2% and the Nasdaq Composite COMP, -0.50% declined 0.5%.

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