
Wall Street stocks fell in opening trade Friday after a mixed July jobs report showing the US economy added fewer jobs than expected as unemployment held steady at 5.3 percent.
Five minutes into trade, the Dow Jones Industrial Average stood at 17,373.18, down 46.57 (0.27 percent).
The broad-based S&P 500 dropped 6.18 (0.30 percent) to 2,077.38, while the tech-rich Nasdaq Composite Index fell 25.53 (0.50 percent) to 5,030.91.
The July jobs gain of 215,000 came in a bit below the 229,000 projected by analysts. However, the government upgraded its estimate for June to 231,000 from 223,000.
"There are some openings to pick holes in this report," said Briefing.com analyst Patrick O'Hare, who nonetheless expects the US Federal Reserve to lift interest rates soon.
"The understanding that the report was not decidedly weak is apt to keep the Federal Reserve on a desired track to raise the fed funds rate soon -- and most likely in September in our estimation."
GMT 19:47 2018 Saturday ,06 January
Global stocks extend rally; London hits record peakGMT 19:22 2018 Wednesday ,03 January
Worldwide stocks start year on a highGMT 10:37 2018 Wednesday ,03 January
Asian markets build on gains, dollar faces further weaknessGMT 17:30 2017 Sunday ,31 December
London stocks end year on record highGMT 18:04 2017 Thursday ,28 December
Miners boost stocks in thin holiday tradingGMT 18:51 2017 Monday ,25 December
Oman’s share index falls on lack of buying supportGMT 08:49 2017 Sunday ,24 December
'Virtual gold' may glitter, but mining it can be really dirtyGMT 17:45 2017 Saturday ,23 December
Madrid stocks sink on Catalan woes; London hits record
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Send your comments
Your comment as a visitor