June private payrolls came in at just 98,000 — below the 110,000 forecast and down sharply from 122,000 in May — flagging a cooling labor market right as Q3 kicks off. Walmart (-5%) and Caterpillar (-5%) are the biggest Dow drags today after Cleveland Research warned WMT comparable sales appear to be slowing. Nasdaq is off ~0.7% while the Russell 2000 small-caps are bucking the trend with a +0.5% gain. Is the soft landing starting to crack, or just a bumpy start to the quarter? Not financial advice.
No referrals yet — be the first! Every friend who buzzes through your link puts you on the board.
Log in and buzz to get your share link and climb the board.
Log in or create a free account to join the conversation.
No comments yet — be the first to weigh in.