Arab Today, arab today wall street drops on weak job data
Last Updated : GMT 10:23:16
Arab Today, arab today
Arab Today, arab today

Wall Street drops on weak job data

Arab Today, arab today

Arab Today, arab today Wall Street drops on weak job data

New York - XINHUA

U.S. stocks closed in negative territory following seesaw trading Wednesday, as investors weighed a disappointing private-sector jobs report against slightly better- than-expected non-manufacturing index. The Dow Jones Industrial Average edged down 5.01 points, or 0. 03 percent, to 15,440.23. The S&P 500 lost 3.56 points, or 0.20 percent, to 1,751.64. The Nasdaq Composite Index fell 19.97 points, or 0.50 percent, to 4,011.55. The U.S. private sector added 175,000 jobs in January, the lowest level since August, partly affected by the cold weather, private payroll processor ADP said in a report on Wednesday. The figure was slightly below average market expectation of 180, 000 jobs and lower than December's downwardly-revised reading of 227,000. The private gauge of labor market pointed to a weak non-farm payroll report slated to be released Friday by the Labor Department, putting a damper on the market. However, Wall Street recouped part of earlier losses after data showed that economic activity in the U.S. non-manufacturing sector grew in January. The reading registered 54, slightly higher than the seasonally adjusted reading of 53 in December, the Institute for Supply Management said Wednesday. Among other data, U.S. mortgage applications increased 0.4 percent for the week ending Jan. 31 from one week earlier, according to the Mortgage Bankers Association. In corporate news, Merck's shares advanced 0.04 percent to 53. 53 U.S. dollars though the drug maker's profit fell short of market consensus. Shortly after the closing bell, the Walt Disney and Twitter released their quarterly earnings. The former's shares jumped in after-hour trading as the media conglomerate's revenues and profits beat market expectations while the latter's shares tumbled though the micro-blogging site's earnings matched analysts' forecasts. The CBOE Volatility Index, widely considered as a fear gauge of the market, rallied 4.40 percent to 19.95. In other markets, oil prices rose as demand for oil is expected to increase amid the cold snap in the United States. Light, sweet crude for March delivery moved up 19 cents to settle at 97.38 dollars a barrel on the New York Mercantile Exchange, while Brent crude for March delivery gained 47 cents to close at 106.25 dollars a barrel. Gold futures on the COMEX division of the New York Mercantile Exchange gained momentum, with the most active gold contract for April delivery up 5.7 dollars to settle at 1,256.9 dollars per ounce. The U.S. dollar stayed flat against other major currencies on mixed economic data coming out from the country. In late New York trading, the euro gained to 1.3536 dollars from 1.3516 dollars of the previous session, and the British pound decreased to 1.6313 dollars from 1.6321 dollars.

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 wall street drops on weak job data Arab Today, arab today wall street drops on weak job data

 



Arab Today, arab today
Arab Today, arab today Nasima Gamei revives Algerian heritage in jewelries

GMT 22:42 2017 Thursday ,23 February

Nasima Gamei revives Algerian heritage in jewelries
Arab Today, arab today Saudis await visitors but will they come?

GMT 11:54 2017 Thursday ,23 February

Saudis await visitors but will they come?
Arab Today, arab today Sarah Belamesh designs antiques of "ceramic"

GMT 19:45 2017 Monday ,20 February

Sarah Belamesh designs antiques of "ceramic"
Arab Today, arab today Mental conflict endures

GMT 07:36 2017 Friday ,24 February

Mental conflict endures
Arab Today, arab today Media host Mona Iraqi stresses her show's success

GMT 15:32 2017 Wednesday ,22 February

Media host Mona Iraqi stresses her show's success

GMT 13:18 2017 Thursday ,23 February

Bahrain Bourse daily trading report

GMT 05:51 2017 Thursday ,23 February

Saudi stocks edge up as Brent futures rebound

GMT 20:48 2017 Wednesday ,22 February

Dividend announcements drive Muscat bourse

GMT 16:56 2017 Wednesday ,22 February

Global gold prices drop

GMT 16:01 2017 Wednesday ,22 February

Tadawul edges down 0.2%

GMT 13:22 2017 Wednesday ,22 February

Canadian stock market closes at record high

GMT 11:50 2017 Wednesday ,22 February

Most Asia markets up as Hong Kong rebounds

GMT 20:52 2017 Tuesday ,21 February

Asia stocks consolidate recent gains; China shines
View News in Arabic - Business: أسواق مالية
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today To hold social dialogue over secondary school

GMT 07:43 2017 Wednesday ,22 February

To hold social dialogue over secondary school
Arab Today, arab today UK appoints 1st Scotland Yard chief in 188 years

GMT 05:14 2017 Thursday ,23 February

UK appoints 1st Scotland Yard chief in 188 years
Arab Today, arab today Ex-yoga missionary unleashes rage

GMT 12:16 2017 Thursday ,23 February

Ex-yoga missionary unleashes rage
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today Tesla back into red but revenue grows

GMT 07:27 2017 Thursday ,23 February

Tesla back into red but revenue grows
Arab Today, arab today Nissan enhances sales in most markets

GMT 14:08 2017 Monday ,20 February

Nissan enhances sales in most markets
Arab Today, arab today Wafaa Amer is happy for Sherihan’s return

GMT 07:36 2017 Wednesday ,22 February

Wafaa Amer is happy for Sherihan’s return
Arab Today, arab today Milan laughs while Rome cries

GMT 10:28 2017 Wednesday ,22 February

Milan laughs while Rome cries

GMT 05:19 2017 Tuesday ,21 February

Salma Rashid happy for 'A Whisper of Love'

GMT 12:35 2017 Tuesday ,21 February

63-Year-Old Woman Delivers Baby

GMT 20:02 2017 Tuesday ,21 February

Nohan Seyam designs beautiful accessories

GMT 15:53 2017 Tuesday ,21 February

Small ponds have outsized impact

GMT 23:29 2017 Thursday ,16 February

Home built on sand castles-style costs $8m

GMT 07:51 2017 Wednesday ,22 February

Mom's immune system accepts babies

GMT 17:46 2017 Saturday ,18 February

Tourist guide reveals methods of tourist attractions

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 12:22 2017 Monday ,20 February

Kanye West puts hijab-wearing model
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