Group 1 - The U.S. stock market indices experienced a decline, with the Dow Jones Industrial Average falling by over 110 points [1]

Core Viewpoint - The three major U.S. stock indices have all turned negative, with the Dow Jones Industrial Average declining by 0.5% [1] Group 1 - The Dow Jones Industrial Average experienced a drop of 0.5% [1]

Group 1 - The three major US stock indices continued to decline, with the Nasdaq falling over 0.6% [1] - The S&P 500 index decreased by 0.5% [1] - The Dow Jones Industrial Average dropped by 0.46% [1]

Core Viewpoint - The three major U.S. stock indices declined, with intraday losses exceeding 0.3% [1] Group 1 - The decline in stock indices indicates a bearish sentiment in the market [1] - The overall market performance reflects potential concerns among investors regarding economic conditions [1] - The drop in indices may influence investor strategies and market outlook moving forward [1]

Group 1 - The three major U.S. stock indices opened higher but experienced a decline, with the S&P 500 index turning negative [1] - The Dow Jones Industrial Average's decline expanded to 0.63% [1] - The Nasdaq's gains narrowed to 0.46% [1]

Core Viewpoint - The major U.S. stock indices experienced a short-term decline, with the S&P 500 index's gain narrowing to 0.37%, the Dow Jones Industrial Average's gain narrowing to 0.2%, and the Nasdaq Composite's gain narrowing to 0.6% [1] Summary by Category - **Market Performance** - S&P 500 index gain narrowed to 0.37% [1] - Dow Jones Industrial Average gain narrowed to 0.2% [1] - Nasdaq Composite gain narrowed to 0.6% [1]

Core Viewpoint - The three major U.S. stock indices declined, with the Dow Jones Industrial Average falling by 1.13%, while the Nasdaq and S&P 500 indices dropped approximately 1% each [1] Group 1 - The Dow Jones experienced a significant drop, indicating a broader market downturn [1] - The Nasdaq and S&P 500 also faced declines, reflecting negative sentiment across major sectors [1]

Group 1 - The core viewpoint of the article indicates that the three major U.S. stock indices, namely the Dow Jones, Nasdaq, and S&P 500, all experienced declines of over 1% [1]

Employment Data - In June, the U.S. added 147,000 non-farm jobs, exceeding Bloomberg's consensus estimate of 110,000[2] - The unemployment rate fell by 0.1 percentage points to 4.1%, driven by a rebound in household employment from -696,000 to 93,000[2][5] - Private sector job growth slowed significantly, with an increase of only 74,000 jobs, down from 137,000 in May[8] Wage and Labor Market Trends - Hourly wage growth on a year-over-year basis decreased to 3.7%, down from 3.8% in May[9] - The average weekly hours worked fell to 34.2 hours, a decrease of 0.1 hours from the previous month[16] - Labor force participation rate declined by 0.1 percentage points to 62.3%[17] Economic Outlook - The Federal Reserve's interest rate cut expectations for July have decreased, with market pricing reflecting a cumulative cut of 51 basis points by 2025, down from 61 basis points[2][5] - The report indicates potential risks to employment growth in Q3 due to tariffs and immigration slowdowns, leading to a forecast of two preventive rate cuts in September and December[5][6] - The NFIB's hiring intentions suggest an increased risk of weakening job growth in the coming months[10]

Employment Data - In June, the U.S. added 147,000 non-farm jobs, exceeding Bloomberg's consensus estimate of 110,000[1] - The unemployment rate fell by 0.1 percentage points to 4.1%, primarily due to a rebound in household employment from -696,000 to 93,000[1] - The labor force participation rate declined by 0.1 percentage points, potentially due to immigration policies[1] Wage and Hourly Earnings - Hourly wage growth slowed to 0.2% month-on-month, below the expected 0.3%[1] - The three-month annualized growth rate of hourly wages decreased from 3.6% to 3.2%[5] - Average weekly hours worked fell to 34.2 hours, down from 34.3 hours[6] Sector Performance - Private sector job growth weakened, with a decline of 63,000 jobs to 74,000 in June, particularly in the service sector[5] - Government employment surged, contributing over half of the new jobs, with state and local government jobs rising significantly from 32,000 to 80,000[5] - The service sector saw a notable slowdown, with education and healthcare services declining by 32,000 jobs to 51,000[5] Market Implications - Due to the stronger-than-expected employment data, the probability of a rate cut by the Federal Reserve in July decreased, with market pricing for cumulative rate cuts in 2025 falling by 10 basis points to 51 basis points[1] - U.S. Treasury yields rose, with the 2-year and 10-year yields increasing by 12 basis points and 8 basis points, respectively, to 3.88% and 4.34%[1]