Category: US stocks

US stocks close the week lower

Posted on by FXOpen

FXStreet (Córdoba) – US stocks extended the decline on Friday, with three main indexes closing the week lower, weighed by lingering softness in oil prices amid low liquidity.

The Dow Jones Industrial Average fell 368.59 points, or 2.10%, to 17,128.39, its largest one-day decline in over three months, and lost 0.8% over the week. The S&P 500 dropped 36.41 points, or 1.78%, to 2,005.46 and closed down 0.3% the week. The Nasdaq Composite lost down 79.47 points, or 1.59%, to 4,923.08 and ended the week 0.2% lower.

Financial stocks led the declines while transportation and industrials stocks tumbled.

US stocks extended the decline on Friday, with three main indexes closing the week lower, weighed by lingering softness in oil prices amid low liquidity.

(Market News Provided by FXstreet)

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US stocks closed mixed after nonfarm payrolls

Posted on by FXOpen

FXStreet (Córdoba) – US stocks ended mixed on Friday following the release of better than expected US nonfarm payrolls.

The Dow Jones Industrial Average rose 46 points, or 0.26%, to 17,910. The S&P 500 index closed 0.03% lower at 2,099. The Nasdaq Composite ended up 19 points, or 0.38%, at 5,147.

Data showed US economy added 271,000 new jobs in October versus 180,000 expected and up from 237,000 the previous month, according to the nonfarm payrolls report. Meanwhile, the unemployment rate dropped to 5.0% versus 5.1% expected.

The dollar strengthened across the board as a much stronger than expected US jobs report lifted expectations of a Fed rate hike in December after Yellen said earlier this week the decision would still depend on incoming data.

US stocks ended mixed on Friday following the release of better than expected US nonfarm payrolls.

(Market News Provided by FXstreet)

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