U.S. Daily Market Review 7.2.20

Wall Street retreated back from record levels in today’s session after a four-day rally.

Apple Inc (AAPL.O) declined 0.5% after three sessions of advances, weighing the most on the S&P-500and Nasdaq.

At 11:41 a.m. ET, the Dow Jones Industrial Average dropped 177.17 points, or 0.60%, at 29,202.60.The S&P-500 fell 6.96 points, or 0.21%, at 3,338.82.

The Nasdaq Composite slipped 5.88 points, or 0.06%, at 9,566.28.

The yield on the benchmark 10-year Treasury note lost around four basis points to around 1.602%, while the yield on the 30-year Treasury bond was lower at 2.065%.

The unemployment rate is the lowest in the last seven years.

Additionally, the overall U.S. labour-force participation rate jumped to 63.4% in January, the most significant rally since 2013.


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