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By Laura Curtis and Olivia Rinaldi

July 7, 2019 at 9:52 PM UTC

Updated on

July 8, 2019 at 8:03 PM UTC

This article is for subscribers only.

U.S. equities fell as investors took a cautious approach to a week full of central bank activity. Treasuries edged lower and gold retreated.

The S&P 500 slipped for a second day after Friday’s blow-out jobs report altered market calculus for Federal Reserve rate cuts. Tech and health-care shares led decliners, with Apple Inc. falling 2.1% after a downgrade. U.S.-listed shares of BASF SE tumbled more than 5% after the German company cut its forecast. Shorter-term Treasuries fell and gold slipped fell for a third day, while the dollar edged higher versus major peers.