(Updates with index/price moves, macroeconomic data, and company/geopolitical news from the first paragraph.)
US equity indexes traded mixed as investors rotated out of high-growth sectors and into defensives after the economy added the fewest jobs since February.
The Nasdaq Composite fell 0.5% to 25,814.1, and the S&P 500 declined 0.2% to 7,465.4 after midday Thursday. The Dow Jones Industrial Average bucked the trend, remaining 0.7% higher at 52,752.5 after hitting a new all-time peak of 52,805.12 earlier in the session.
Communication services, technology, and consumer discretionary were the only decliners. Healthcare, consumer staples, and utilities led the gainers.
The June employment report showed nonfarm payrolls rose by 57,000, according to the Bureau of Labor Statistics, below the 113,000 jump expected in a Bloomberg-compiled survey. May payrolls were revised downward to a 129,000 gain, and April payrolls were revised down to a 148,000 expansion, for a net downward revision of 74,000 jobs.
Meanwhile, Atlanta Federal Reserve's gross domestic product 'Nowcast' estimate came in at 1.2% growth in Q2, versus the previous 2.5% forecast.
Most US Treasury yields fell, with the 10-year down 1.4 basis points to 4.46%. The two-year rate retreated 4.8 basis points to 4.12%.
In geopolitical news, the Doha discussions between the US and Iran produced "positive progress" on issues related to the memorandum that halted the war in June and were "building on the outcomes" from the Switzerland summit, a Qatar Foreign Ministry spokesperson said in a post on X, formerly Twitter, according to Reuters.
The front-month global benchmark North Sea Brent declined 1.2% to $70.75 per barrel, and the US West Texas Intermediate fell 1.2% to $67.76 per barrel.