US: Stocks fall for 5th straight day

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[NEW YORK] Wall Street stocks finished lower on Friday following a weak February US jobs report, concluding the market's worst week of 2019 so far. Read more at The Business Times.

[NEW YORK] Wall Street stocks finished lower on Friday following a weak February US jobs report, concluding the market's worst week of 2019 so far.The broad-based S&P 500 slipped 0.2 per cent to 2,743.05, and the tech-rich Nasdaq Composite Index also dropped 0.2 per cent to 7,408.14.

Still, analysts are unlikely to give too much weight to a single month's data. FTN Financial's Chris Low noted that even with the February figures, the three-month average was 186,000 jobs added per month. Analysts also cited comments from US Ambassador to China Terry Barnstad that a US-China trade deal still was not imminent as a factor in Friday's tepid trading.

 

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