Wall Street Flat As Tepid Jobs Data Trade Fears Weigh

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Wall Street Flat As Tepid Jobs Data Trade Fears Weigh

– U.S. stocks were flat on Friday, after gains in the consumer staples sector, boosted by Kraft Heinz’s strong earnings, were offset by data which showed job growth slowed in July and as China proposed new tariffs on $60 billion worth of U.S. goods.

China’s retaliatory tariffs on U.S. goods ranged from liquefied natural gas (LNG) to certain types of aircraft and came after President Donald Trump proposed 25 percent tariffs on $200 billion worth of Chinese imports.

The S&P consumer staples sector .SPLRCS rose 0.8 percent and led the gains among major S&P sectors.

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