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NewsWatch: Stocks retreat from record levels as strong jobs report puts interest-rate cuts in question

MARKETWATCH FRONT PAGE

U.S. stock futures retreat Friday morning on good jobs report after the three main benchmarks all ended a holiday-shortened session on Wednesday at records on the same day for the first time in 17 months. See full story.

It’s ‘hallucinatory’ to expect a half-point Fed rate cut now — but economists still expect a quarter-point reduction

The solid June jobs report removes any chance the Federal Reserve will cut interest rates by a half-point, economists said Friday. See full story.

Biden knocks AOC, other ‘way left’ Democrats | Fireworks donor has success with tariffs lobbying

Joe Biden is sounding moderate in a new CNN interview.

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