Last Update July 07, 2023 10:44pm EST

Stock Market News: Jobs data, Biogen’s Alzheimer’s drug gets FDA ok, Yellen in China

The June jobs report came in lighter than expected as investors debate the impact on future Fed hikes, Treasury Secretary Janet Yellen meets with Chinese officials, Biogen gets first FDA approval for its Alzheimer's drug and Rivian shares keeps climbing. FOX Business is providing real-time updates on the markets, commodities and all the most active stocks on the move.

Covered by: FOX Business Team, Reuters and Associated Press

2Posts

09:29 AM, July 07, 2023

Meta's Threads

Meta Platforms Inc.

291.99

MARKETS

Will Meta's Threads become a game changer for investors?

Mark Zuckerberg-led Meta launched Threads, a new "conversation" app and direct challenger to Elon Musk’s Twitter, dialing up the tit-for-tat between the billionaires.

Mark Zuckerberg may be trying to topple Elon Musk's Twitter with Meta but what does it mean for investors?

Posted by FOX Business Team

Breaking News

08:52 AM, July 07, 2023

June jobs report

ECONOMY

US economy adds 209,000 jobs in June, lighter than estimates

The June jobs report is one of several key data points officials will debate when they meet at the end of the month to decide whether another rate hike is warranted.

Employers added 209,000 jobs in June, less than expected and growth for previous months were revised lower. Still, the unemployment rate held at 3.6% creating more of a conundrum for the Federal Reserve.

Posted by FOX Business Team

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