<\/p>\n
U.S. stocks ended mixed Wednesday after a weak private payrolls report and a cautious economic outlook from the Fed\u2019s Beige Book fueled concerns about growth, inflation, and tariffs.<\/p>\n
The Dow Jones Industrial Average snapped a four day winning steak, closing lower by 91.90 points, or 0.22%. The S&P 500 was nearly flat, while the Nasdaq Composite gained 0.32% to end at 19,460.49.<\/p>\n
Wednesday\u2019s stock trading session sentiment was hit by a weaker-than-expected ADP employment report, which showed private payrolls rose by only 37,000 in May, notably below estimates. The reading comes ahead of Friday\u2019s nonfarm payrolls data and may force the Federal Reserve to cut interest rates.<\/p>\n
The yield on the 10-year Treasury dropped to 4.349%, its lowest since early May.<\/p>\n
Further clouding the economic outlook, the Federal Reserve\u2019s Beige Book, released on Wednesday morning, reported a \u201cslight decline\u201d in U.S. economic activity over the past six weeks. Hiring activity was mostly flat as business owners put off expansion plans due to elevated policy uncertainty from Washington and tariff-related cost pressures.<\/p>\n
\u201cAll Districts reported elevated levels of economic and policy uncertainty,\u201d the Fed noted. The report also cited \u201cwidespread reports of contacts expecting costs and prices to rise at a faster rate going forward.\u201d<\/p>\n
Tariffs were mentioned 122 times in the Beige Book, up from 107 in April.<\/p>\n
Businesses across multiple regions, including New York and Philadelphia, reported rising input costs. Some firms are expecting reduced profit margins or passing along some additional cost to consumers to manage input spikes.<\/p>\n
Boston, New York, and Philadelphia saw declines in activity. However, regions like Richmond, Atlanta, and Chicago reported modest growth. Overall, the Fed found that even in stronger districts, hiring activity was cautious.<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"
U.S. stocks ended mixed Wednesday after a weak private payrolls report and a cautious economic outlook from the Fed\u2019s Beige Book fueled concerns about growth, inflation, and tariffs. The Dow…<\/p>\n","protected":false},"author":1,"featured_media":1052,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-2074","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/2074","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=2074"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/2074\/revisions"}],"predecessor-version":[{"id":2075,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/2074\/revisions\/2075"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/1052"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=2074"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=2074"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=2074"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}