News Formal

U.S. stocks end sharply lower after strong jobs report keeps Fed on hiking path, but post gain for week

  • 📰 MarketWatch
  • ⏱ Reading Time:
  • 23 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 97%

Sverige Nyheter Nyheter

Sverige Senaste nytt,Sverige Rubriker

U.S. stocks finished the week in the red after a still-strong September jobs report Friday suggested the central bank would not alter the course of monetary policy soon. The DJIA fell 630 points, or 2.1%, to finish at 29,297.

U.S. stocks finished the week in the red after a still-strong September jobs report Friday suggested the central bank would not alter the course of monetary policy soon. The Dow Jones Industrial Average DJIA, -2.11% fell 630 points, or 2.1%, to finish at 29,297. The S&P 500 SPX, -2.80% lost 2.8%, while the Nasdaq Composite COMP, -3.80% slid 3.8%. Friday's employment report showed the U.S.

economy added 263,000 new jobs in September, slightly lower than Dow Jones' forecast of 275,000 jobs, and well below the 315,000 new positions added in August. The unemployment rate, meanwhile, declined to 3.5% from an August reading of 3.7%. Despite the selloff, the S&P booked a 1.5% weekly gain after back-to-back rallies earlier in the week, while the Dow gained 2% and the Nasdaq was up 0.7%, according to Dow Jones Market Data.

 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.

Is it time to allow Fed members to trade again?

Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 3. in SE

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

5 Things to Know Before the Stock Market Opens FridayHere are the most important news items that investors need to start their trading day.
Källa: nbcchicago - 🏆 545. / 51 Läs mer »