U.S. markets pitch downward Friday

NEW YORK, June 6 (UPI) -- Surging oil prices and a bump in the U.S. unemployment rate sent U.S. markets plunging Friday.

On the New York Mercantile Exchange, crude oil prices broke records in one-day gains and price, jumping more than $11 per barrel to $139.12 per barrel.

The U.S. unemployment rate rose 0.5 percent to 5.5 percent, the Labor Department reported.

The burst put the $150 per barrel mark within range for the near-term, analysts said.

By close Friday, the Dow Jones industrial average had lost 3.13 percent, down 394.64 points to 12,209.81. The Standard & Poor's 500 index lost 43.37 to 1,360.68, down 3.09 percent. The Nasdaq composite index fell 75.38 to 2,474.56, down 2.96 percent.

On the New York Stock Exchange, 559 stocks advanced and 2,578 declined on a volume of 1.482 billion shares traded.

The 10-year U.S. Treasury note gained 30/32 to yield 3.926 percent.

The dollar fell. The euro traded at $1.5773 from Thursday's $1.5599, while the dollar traded at 104.98 yen from Monday's 105.94 yen.

In Tokyo, the Nikkei index gained 148.32 points to 14,489.44, up 1.03 percent.

In London, the FTSE 100 index lost 83.10 to 5,912.20, off 1.39 percent.