New York, Feb 8 (SocialNews.XYZ) All three major Wall Street indexes closed lower despite solid US jobs data.
The Dow Jones Industrial Average was down 277.26 points, or 0.94 per cent, to 29,102.51 on Friday. The S&P 500 fell 18.07 points, or 0.54 per cent, to 3,327.71. The Nasdaq Composite Index was down 51.64 points, or 0.54 per cent, to 9,520.51, Xinhua reported.
Most of the 30 Dow component companies traded in red territory, with Caterpillar and Dow being the top two laggards and declining 2.83 per cent and 2.38 per cent, respectively.
Eight of 11 primary S&P 500 sectors traded lower, with materials and information technology shedding 1.46 per cent and 0.98 per cent, respectively, leading the laggards.
On data front, US total nonfarm payroll employment rose by 225,000 in January, and the unemployment rate was little changed at 3.6 percent, the US Labour Department said Friday.
Notable job gains occurred in construction, health care, and in transportation and warehousing, the department said.
Source: IANS
About Gopi
Gopi Adusumilli is a Programmer. He is the editor of SocialNews.XYZ and President of AGK Fire Inc.
He enjoys designing websites, developing mobile applications and publishing news articles on current events from various authenticated news sources.
When it comes to writing he likes to write about current world politics and Indian Movies. His future plans include developing SocialNews.XYZ into a News website that has no bias or judgment towards any.
He can be reached at gopi@socialnews.xyz