Market Brief: NFP and Powell Give No Strong Guidance for Traders

See a summary of the top market themes and trends from today's US trading session!

  • US indices closed mixed in quiet trade as Fed Chairman Powell did little to deter traders from expecting another 0.25% cut to interest rates later this month.
  • Energy (XLE) was the strongest major sector on the day while Utilities (XLU) were the worst in narrow-dispersion trade.
  • Stocks on the move:
    • Recent IPO Zoom Video Communications (ZM) shed -8% despite reporting better-than-expected earnings and sales figures.

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