Arab Today, arab today wall street closing lower
Last Updated : GMT 10:49:42
Arab Today, arab today
Arab Today, arab today

Wall Street closing lower

Arab Today, arab today

Arab Today, arab today Wall Street closing lower

Washington - SPA

US stocks ended lower on Friday, with all three major indexes falling about 1 percent, as a weaker-than-expected jobs report dominated investors’ attention. In world markets, European stocks ended lower, with the declines led the DAX in Germany falling 1.9 percent. Asian markets finished mixed, as the Shanghai Composite rose 1 percent and the Nikkei in Japan fell about 0.7 percent. The U.S. Labor Department’s jobs report, which showed that the economy added just 80,000 jobs in June, came in below expectations and pointed to signs of a deceleration in employment growth-a worrying prospect for the broader U.S. economy. Light sweet crude oil for August delivery fell $2.77 to $84.45 a barrel on the New York Mercantile Exchange. Gold futures fell $30.50 to $1,578.90 an ounce. The Dow Jones industrial average fell 124.2, or 1.0 percent, to 12,772.47. The broader Standard & Poor’s 500 index fell 12.9, or 0.9 percent, to 1,354.68. The technology-heavy Nasdaq composite index fell 38.79, or 1.3 percent, to 2,937.33.

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