CNDT

08 Aug: Stock market news for August 7, 2020

The latest stock market news for August 7, 2020. A better than expected July jobs report, a focus on economic stimulus deal, and also on US-China tensions were the main themes for the stock market and investing. The Dow Jones and S&P 500 closed little changes, Nasdaq fell and small-cap stocks outperformed. Stock market at the close on August 7, 2020 S&P 500: 3,351.28,+2.12(+0.06%)Dow 30: 27,433.48,+46.50(+0.17%)Nasdaq: 11,010.98,-97.09(-0.87%)Russell 2000: 1,569.18,+24.56(+1.59%) Stock market news “The Department of Labor’s July jobs report was released at 8:30 a.m. ET Friday. Here were the main metrics in the report, compared to consensus estimates compiled by Bloomberg: Change in non-farm payrolls: +1.783 million vs. +1.48 million expected and +4.791 million in June Unemployment rate: 10.2% vs. 10.6% expected and 11.1% in June Average hourly earnings, month over month: +0.2% vs. -0.5% expected and -1.3% in June Average hourly earnings, year over year: +4.8% vs. +4.2% expected…