By Anvee Bhutani
U.S. stocks were mixed Thursday to end the holiday shortened week after June hiring data came in well below expectations and prompted investors to dial back bets on a Federal Reserve interest-rate increase this month.
The Dow Jones Industrial Average rose 594.83 points, or 1.14%, to 52900.07. The S&P 500 was little changed at 7483.24, while the Nasdaq Composite dropped 207.36 points, or 0.80%, to 25832.67. According to preliminary data, there were 1667 advancing issues and 1057 declining issues on the NYSE.
The Labor Department said the economy added 57,000 jobs in June, roughly half the 115,000 that economists polled by The Wall Street Journal had expected and short of the downwardly revised figure of 129,000 in May. It marked the end of a three-month streak of job growth above 100,000.
Write to Anvee Bhutani at anvee.bhutani@wsj.com