FXstreet.com (Córdoba) - US stocks fell on Friday after the nonfarm payrolls report showed the US economy added fewer jobs than expected in June, fueling concerns about the global recovery.
The Dow Jones industrial average lost 159 points, or 1.23%, to 12,737. The Standard & Poor's 500 Index dropped 15 points, or 1.12%, to 1,352. The Nasdaq Composite Index fell 41 points, or 1.39%, to 2,934.
US nonfarm payrolls came in below consensus for the fourth month in a row. The US added 80,000 new jobs in June, below the 90,000 forecasted, while the unemployment rate steadied at 8.2%. However, the jobs data was probably not weak enough to lead to a significant shift in the odds for further Fed policy easing.
Gold dropped 1.2% to $1,590 an ounce, while crude-oil futures extended losses after the NFP report, falling more than 3% to $84.55 a barrel.
The Dow Jones industrial average lost 159 points, or 1.23%, to 12,737. The Standard & Poor's 500 Index dropped 15 points, or 1.12%, to 1,352. The Nasdaq Composite Index fell 41 points, or 1.39%, to 2,934.
US nonfarm payrolls came in below consensus for the fourth month in a row. The US added 80,000 new jobs in June, below the 90,000 forecasted, while the unemployment rate steadied at 8.2%. However, the jobs data was probably not weak enough to lead to a significant shift in the odds for further Fed policy easing.
Gold dropped 1.2% to $1,590 an ounce, while crude-oil futures extended losses after the NFP report, falling more than 3% to $84.55 a barrel.
