Wall St. dips on slowing job growth, U.S.-China tensions

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The S&P 500 pulled back from near six-month highs on Friday as data showed a sharp slowdown in U.S. employment growth and President Donald Trump cranked up friction with Beijing with moves to ban WeChat and TikTok.

FILE PHOTO: Traders walk past the New York Stock Exchange as the building opens for the first time since March while the outbreak of the coronavirus disease continues in the Manhattan borough of New York, U.S., May 26, 2020. REUTERS/Lucas Jackson

“Does today’s number imply economic conditions are significantly improved? No, it simply suggests the labor market was static in July, showing no signs of renewed weakness that the increase in COVID-19 cases had threatened,” said Seema Shah, chief strategist at Principal Global Investors in London.

 

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Usually slows after the biggest increase in history. Can you fucks ever just be honest without the word games?

Media: in other words we are butt hurt about 1.8 million jobs being added because it won’t help joe Biden politically

Wall street does something and then we pick whatever headline is available. The real reason is that swing and day traders are out before the weekend. Always.

Wall Street bout to go boom due to the people we voted into office to help us.... weird that they didn’t... oh wait they don’t give a shit.

Slowing? Maybe you missed the headline that the jobs added exceeded the expected number by several hundred thousand jobs. I know, I know, anything to keep the negative spin and criticism going.

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