facebook
twitter
rss
account
search
search
 

U.S. markets stumble Friday on jobs report

July 6, 2012 at 4:48 PM   |   Comments

| License Photo
NEW YORK, July 6 (UPI) -- Stock indexes tumbled in New York Friday, reacting to a weak report on jobs.

The U.S. Labor Department reported 80,000 jobs were created in June. The unemployment rate remained unchanged at 8.2 percent.

The 80,000 added jobs in June were about 10,000 fewer than economists had expected.

In late afternoon trading, the Dow Jones industrial average lost 124.20 points, 0.96 percent, to 12,772.47. On the New York Stock Exchange, 987 issues advanced and 2,033 declined on volume of 2.672 billion shares.

The Nasdaq composite index lost 38.79 points, 1.3 percent, to 2,937.33.

The S&P 500 shed 12.90 points, 0.94 percent, to 1,354.68.

The 10-year benchmark treasury note yielded 1.54 percent.

The euro was $1.2299 from Thursday's $1.2392. Against the yen, the dollar was 79.62 yen from 79.92 yen.

In Tokyo, the Nikkei 225 index gave up 0.65 percent, 59.05 points, to 9,020.75.

In London, the FTSE 100 index shed 0.53 percent, 30 points, to 5,662.63.

© 2012 United Press International, Inc. All Rights Reserved. Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent.
Most Popular
1
Russian currency crashes Russian currency crashes
2
GenDyn UK picks Lockheed Martin for vehicle turrets GenDyn UK picks Lockheed Martin for vehicle turrets
3
Report: U.S. on path to energy independence Report: U.S. on path to energy independence
4
SM-6 long-range interceptors on target in U.S. Navy test SM-6 long-range interceptors on target in U.S. Navy test
5
3 dead in Azeri rig collapse 3 dead in Azeri rig collapse
Trending News
Around the Web
x
Feedback