Arab Today, arab today us stocks little changed on tepid payroll report
Last Updated : GMT 16:49:39
Arab Today, arab today
Arab Today, arab today

US stocks little changed on tepid payroll report

Arab Today, arab today

Arab Today, arab today US stocks little changed on tepid payroll report

New York - XINHUA

U.S. stocks ended nearly flat after a choppy trading session on Friday, with all three major indices posting weekly gains, as investors tried to digest a tepid U.S. jobs report amid ongoing worries over Syria. The Dow Jones Industrial Average lost 14.98 points, or 0.10 percent, to 14,922.50 points. The S&P 500 was up 0.09 point, or 0. 01 percent, to 1,655.17 points. The Nasdaq Composite Index gained 1.23 points, or 0.03 percent, to 3,660.01 points. For the week, the Dow inched up 0.8 percent, and the S&P advanced 1.4 percent while the Nasdaq rose 2.0 percent. The market opened higher but then experienced a seesaw trading session, triggered by growing jitters over Syria. Russian President Vladimir Putin said Friday that Russia will help Syria in the case of an external military attack at a press conference of the G20 summit in St. Petersburg. Also on Friday, U.S. President Barack Obama told the press that countries must set aside differences to find a solution for Syria and that he was \"not itching for military action.\" Obama is expected to address the American people Tuesday on Syria. On the economic front, the U.S. Labor Department said that the country\'s employers added 169,000 jobs in August, fewer than market expectations of 180,000 jobs. And payrolls for July and June were revised down considerably by the department. Meanwhile, unemployment rate dropped to 7.3 percent in August, the lowest level since December 2008, mainly attributable to a smaller labor force participation rate. The lackluster jobs report raised questions about whether the Federal Reserve should dial back its monetary stimulus soon. \"The unemployment rate is falling at a dead-steady rate but not for the reasons the Fed had hoped ... There is a tendency (for Fed) to fall back on the unemployment rate as the best gauge of labor market health,\" FTN Financial Chief Economist Christopher Low said. JP Morgan Chief U.S. Economist Michael Feroli said that the jobs report was \"a little bit of a disappointment,\" but in their opinion \"still good enough to leave intact the first tapering of asset purchases at the September FOMC (Federal Open Market Committee) meeting.\" Regarding the Fed, Feroli said JP Morgan economists think today \'s number leaves the Fed on track for a 15-billion-U.S. dollar tapering at the September meeting, with a risk of a smaller 10- billion-dollar move. Kansas City Fed President Esther George said Friday that \"an appropriate next step toward normalizing monetary policy could be to reduce the pace of purchases from 85 billion dollars to something around 70 billion dollars per month.\" Charles Evans, president of the Federal Reserve Bank of Chicago, said Friday the U.S. central bank can scale back its quantitative easing later this year if the economic conditions continue to improve. The market began to shift its focus to the Fed\'s policy meeting scheduled for Sept. 17-18. On other markets, the U.S. dollar retreated against major currencies Friday as the weaker-than-expected non-farm payroll report led the market to speculate the Fed wouldn\'t taper its monetary stimulus soon. In late New York trading, the euro rose to 1.3181 dollars from 1.3122 dollars of the previous session, and the British pound increased to 1.5634 dollars from 1.5519 dollars. The dollar bought 99.24 Japanese yen, lower than 100.13 yen of the previous session. Meanwhile, gold futures rebounded on the weak jobs report. The most active gold contract for December delivery rose 13.5 dollars, or 0.98 percent, to settle at 1,386.5 dollars per ounce. Oil prices rose amid escalating concerns that the possible Western military strike against Syria will disrupt Middle East oil exports. Light, sweet crude for October delivery moved up 2.16 dollars to settle at 110.53 dollars a barrel on the New York Mercantile Exchange. Brent crude for October delivery climbed 0.86 dollar to close at 116.12 dollars a barrel.

arabstoday
arabstoday

GMT 16:08 2017 Saturday ,14 October

US stocks rise on strong retail sales; Europe mixed

GMT 04:42 2017 Saturday ,14 October

Egyptian Bourse gains EGP 2.6 bn

GMT 04:32 2017 Saturday ,14 October

US stocks rise on strong retail sales; Europe mixed

GMT 20:52 2017 Thursday ,12 October

Egyptian Bourse loses EGP 3 bn

GMT 13:12 2017 Thursday ,12 October

Bahrain Bourse daily performance

GMT 11:06 2017 Thursday ,12 October

Wall Street ends at fresh records; Spanish stocks gain

GMT 21:13 2017 Wednesday ,11 October

Bahrain Bourse daily trading report (update)
Arab Today, arab today
Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today us stocks little changed on tepid payroll report Arab Today, arab today us stocks little changed on tepid payroll report

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today us stocks little changed on tepid payroll report Arab Today, arab today us stocks little changed on tepid payroll report

 



Arab Today, arab today
Arab Today, arab today Youssra depended on colored foam

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today EasyJet, Lufthansa among seven to bid

GMT 06:49 2017 Tuesday ,17 October

EasyJet, Lufthansa among seven to bid
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today Israeli court convicts Palestinians of 2016

GMT 04:39 2017 Tuesday ,17 October

Israeli court convicts Palestinians of 2016
Arab Today, arab today Iran's Facebook shuts down

GMT 23:50 2017 Monday ,16 October

Iran's Facebook shuts down
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Sidem reveals plan to improve education

GMT 15:52 2017 Friday ,06 October

Sidem reveals plan to improve education
Arab Today, arab today British actress becomes fifth woman

GMT 18:15 2017 Monday ,16 October

British actress becomes fifth woman
Arab Today, arab today Three killed, 360,000 without power

GMT 05:11 2017 Tuesday ,17 October

Three killed, 360,000 without power
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Mercedes says recalls 400,000 UK cars

GMT 06:56 2017 Tuesday ,17 October

Mercedes says recalls 400,000 UK cars
Arab Today, arab today Britain's Vauxhall to cut 400 jobs

GMT 10:53 2017 Sunday ,15 October

Britain's Vauxhall to cut 400 jobs
Arab Today, arab today Anoshka happy for reactions to her talk show

GMT 12:33 2017 Friday ,13 October

Anoshka happy for reactions to her talk show
Arab Today, arab today India to close colonial-era military farms

GMT 18:49 2017 Monday ,16 October

India to close colonial-era military farms

GMT 10:55 2017 Thursday ,12 October

Safaa Sultan happy for “Love School”

GMT 10:37 2017 Thursday ,12 October

Cara Delevingne accuses Weinstein

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha

GMT 12:02 2017 Saturday ,14 October

Conservation cutbacks put Brazil's

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 12:25 2017 Saturday ,14 October

Squeeze on UK health gives advanced

GMT 07:02 2017 Sunday ,15 October

German minister sparks uproar

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 03:59 2017 Sunday ,15 October

US mobile carriers Sprint, T-Mobile to merge

GMT 11:37 2017 Saturday ,12 August

Fashion designer reveals her new collection
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday