U.S. stocks turned lower toward the end of trading on Friday, following the release of jobs report for August.
The Dow traded down 0.65% to 31,452.20 while the NASDAQ fell 1.03% to 11,663.71. The S&P 500 also fell, dropping, 0.71% to 3,938.80.
Also check this: Market Volatility Decreases Slightly As Dow Records Gain On First Trading Day Of September
Leading and Lagging Sectors
Energy shares jumped by 1.6% on Friday. Meanwhile, top gainers in the sector included HighPeak Energy, Inc. HPK, up 9% and Borr Drilling Limited BORR up 10%.
In trading on Friday, communication services shares fell by just 1.8%.
The U.S. added 315,000 jobs last month, beating average economist estimates of 298,000 jobs. The U.S. unemployment rate increased to 3.7%, missing the 3.5% level economists had projected. Wages were up 5.2% year-over-year and increased 0.3% from July.
Equities Trading UP
Equities Trading DOWN
Also check out: Why Snap Shares Jumped 7%; Here Are 75 Biggest Movers From Yesterday
In commodity news, oil traded up 0.2% to $86.79, while gold traded up 0.8% at $1,722.40.
Silver traded up 1.1% to $17.865 on Friday while copper fell 0.1% to $3.4050.
European shares closed higher today. The eurozone’s STOXX 600 rose 2.04%, London’s FTSE 100 rose 1.86%, while Spain’s IBEX 35 Index surged 1.62%. The German DAX climbed 3.33%, French CAC 40 climbed 2.21% and Italy’s FTSE MIB Index jumped 2.91%.
Producer prices in the Eurozone surged 4% month-over-month in July, recording the biggest increase in four months. The number of people registered as unemployed in Spain climbed by 40,428 month-over-month to 2.92 million in August. Germany’s trade surplus narrowed to €4.9 billion in July from €17.8 billion in the year-ago period.
Check out this: Fear & Greed Index Moves To 'Fear' Zone Ahead Of US Jobs Report
The U.S. has the highest number of coronavirus cases and deaths in the world, reporting a total of 96,465,120 cases with around 1,072,120 deaths. India confirmed a total of at least 44,442,500 cases and 527,930 deaths, while France reported over 34,547,840 COVID-19 cases with 154,130 deaths. In total, there were at least 608,971,030 cases of COVID-19 worldwide with more than 6,499,070 deaths.
© 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.