Wall Street pulls back on weak jobs data

BOSTON -Wall Street started Wednesday in a pessimistic mood after data showed that U.S. jobs growth slowed in July, helping pull stocks and oil prices down, with Treasuries flat.

The Dow Jones Industrial Average fell 151.96 points, or 0.43per cent, to 34,964.44, the S&P 500 lost 10.65 points, or 0.24per cent, to 4,412.5 and the Nasdaq Composite added 3.64 points, or 0.02per cent, to 14,764.94. She pointed to the positive growth indicators from manufacturing inventories and demand for services, but cited concern over COVID in China and related economic slow-downs.Traders sent U.S. Treasury yields lower after the government said it is considering a reduction in issuance and the payroll report. Yields subsequently stabilized to pre-open levels.Strong corporate profits have eased concerns over the COVID-19 pandemic, as vaccine roll-outs continue apace in developed markets.

Investors are waiting for the latest U.S. non-farm payroll numbers on Friday - the last before Federal Reserve leaders convene in Jackson Hole, Wyoming, to discuss policy and decide future stimulus strategy.

Stocks markets are getting feckless..

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