Wall Street stocks fell Friday after a mixed US jobs report clouded prospects for a Federal Reserve interest rate increase amid China-induced global market turmoil.
The broad-based S&P 500 retreated 29.91 points (1.53 per cent) to 1,921.22. The Dow Jones Industrial Average shed 272.38 (1.66 per cent) at 16,102.38 and the Nasdaq Composite dropped 49.58 (1.05 per cent) to 4,683.92.
The Labour Department reported the economy added fewer jobs than forecast, 173,000, but the previous two months' job gains were revised upward, pushing the unemployment rate down more than expected to 5.1 per cent.
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The broad-based S&P 500 retreated 29.91 points (1.53 per cent) to 1,921.22. The Dow Jones Industrial Average shed 272.38 (1.66 per cent) at 16,102.38 and the Nasdaq Composite dropped 49.58 (1.05 per cent) to 4,683.92.
The Labour Department reported the economy added fewer jobs than forecast, 173,000, but the previous two months' job gains were revised upward, pushing the unemployment rate down more than expected to 5.1 per cent.
For Free Signals, click here KLSE online OR Give A Missed Call : +60350219047 Follow Us On Twitter : www.twitter.com/epicresearchmy Like Us On Facebook : www.facebook.com/EpicResearchMalaysia Need Any Assistance Feel Free To Mail Us at : info@epicresearch.my
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