US equity markets resumed trading after the Independence Day holiday and settled with modest losses after a strong rebound in US job growth in June reduced hopes of an aggressive interest rate cut by the Federal Reserve this month. The Dow was down -44 points or -0.16% but pared an earlier session decline of around 233 points. The loss snapped a four-session winning streak that lifted the blue chip index to a record intra-day and closing high last Wednesday of 26,966. The broader S&P500 slipped -0.18%, recovering from an earlier slide of roughly 1%. The NASDAQ logged its first fall in seven sessions, down -0.10%. For the week, the Dow rose +1.21%, S&P500 +1.65% and Nasdaq +1.94%.
