Update: US Equity Indexes Mixed as Weak Jobs Data Trigger Rotation Out of Growth Stocks

() -- (Updates with index/price moves, macroeconomic data, and company news from the first paragraph.) US equity indexes traded mixed as the economy added the fewest jobs since February, triggering a rotation out of high-growth and into defensives and old-economy sectors. The Nasdaq Composite dropped 0.8% to 25,832.67, while the S&P 500 was unchanged at 7,483.24 on Thursday, the last trading day of the week, on account of the Independence Day public holiday on Friday. The Dow Jones Industrial Average remained 1.1% higher at 52,900.07 after hitting a new all-time peak earlier in the session. Communication services, technology, and consumer discretionary were the sole 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 increase 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. Hourly earnings increased by 0.35%, compared with the 0.3% gain expected, and following a 0.27% gain in May..