Dow ekes out a gain | Strong jobs report | Stimulus talks fall apart

nother "disappointing" meeting between Democrats and the White House on coronavirus aid yielded little progress.

VIEW IN BROWSER | SUBSCRIBE FRI, AUG 07, 2020 EVENING BRIEF AS OF FRI, AUG 07, 2020 • 04:28 ET DJIA 27433.48 +0.17% +46.50 S&P 500 3351.28 +0.06% +2.12 NASDAQ 11010.98 -0.87% -97.09   Most Active DOW NAME LAST CHG %CHG AAPL 444.45 -10.34 -2.27% INTC 48.03 -0.54 -1.11% MSFT 212.48 -3.87 -1.79% S&P 500 NAME LAST CHG %CHG GE 6.40 +0.07 +1.11% FB 268.44 +3.16 +1.19% AMD 84.85 -1.86 -2.15% NASDAQ NAME LAST CHG %CHG FB 268.44 +3.16 +1.19% AMD 84.85 -1.86 -2.15% AAL 13.03 -0.01 -0.08%   EDITOR'S NOTE The U.S. labor market continued its recovery toward pre-pandemic levels last month even as coronavirus cases continue to pop up across the country.   More than 1.7 million jobs were created in July, the Labor Department said, while economists polled by Dow Jones expected an increase of 1.4 million. The unemployment rate also fell more than expected, coming in at 10.2%. The department issued upside jobs growth revisions for May and June as well.   The lion's share of the employment gains came from the hard-hit leisure and hospitality sector, which added 592,000 jobs. Government and retail jobs also saw sharp spikes last month. The stock market had a brief pop after the data was released, but the major averages struggled throughout Friday's session as uncertainty over a coronavirus stimulus package and rising U.S.-China tensions dampened sentiment.   The Dow and S&P 500 eked out gains in the final hour despite the headwinds. Democrats and the Trump administration have made little progress in negotiations for further fiscal stimulus. One of the biggest sticking points during the talks has been the extension of additional unemployment benefits for those impacted by the pandemic.   Meanwhile, President Donald Trump has signed executive orders for U.S. companies to stop all transactions with WeChat and TikTok, both of which are owned by Chinese firms. The U.S. also sanctioned Hong Kong Chief Executive Carrie Lam for carrying out Chinese "policies of suppression."   Subscribe to CNBC PRO for exclusive insights and analysis, and live business day programming from around the world. Fred Imbert | CNBC Markets Reporter @foimbert TOP NEWS  Dow and S&P 500 eke out their sixth straight gains as investors await stimulus deal Coronavirus stimulus talks fall apart in 'disappointing' meeting between Democrats, White House Payrolls increase by nearly 1.8 million, topping expectations despite coronavirus resurgence Goldman's chief economist isn't cheering after jobs report: 'This is a somewhat dated number' UPS tacks on additional fees as it faces a flood of packages during pandemic Dr. Anthony Fauci says chance of coronavirus vaccine being highly effective is 'not great' Buffett's Berkshire expected to post a quarterly earnings surge as market comeback boosts portfolio 'Very fragile' jobs recovery will now depend on how safe people feel Canada to impose tariffs on $2.7 billion in U.S. goods after Trump reignites trade feud Shares of Tencent plunge after Trump's executive order on TikTok and WeChat   TOP VIDEO Booking Holdings CEO: Seeing in a increase in alternative accommodations   CNBC PRO NYU's 'dean of valuation' says Nikola exists 'to make Tesla look cheap'   SPECIAL REPORTS Airlines could receive billions more in relief, but it may not be enough, traders say 'Stars are aligned against the dollar,' top currency strategist warns   Unsubscribe Manage Newsletters Terms of Service Join the CNBC Panel Digital Products Feedback Privacy Policy   © 2020 CNBC LLC. All rights reserved. A property of NBCUniversal. 900 Sylvan Avenue, Englewood Cliffs, NJ 07632 Data is a real-time snapshot *Data is delayed at least 15 minutes. Global Business and Financial News, Stock Quotes and Market Data and Analysis. Data also provided by THOMSON REUTERS