Nonfarm payrolls fell by 20,000 jobs in January, compared to the estimate, which called for a 15,000 increase in jobs. The unemployment rate fell below 10%, declining to 9.7%, versus the consensus forecast for it to remain at 10.0%. More from Bloomberg...
The Dow Jones Industrial Average rose 10 points (0.1%) to close at 10,012, the S&P 500 Index gained 3 points (0.3%) to 1,066, and the Nasdaq Composite increased 17 points (0.7%) to 2,141. Crude oil was $1.95 lower at $71.19 per barrel, and the Bloomberg gold spot price gained $3.18 to $1,066.88 per ounce. For the week, the DJIA lost 0.6%, while the S&P 500 Index fell 0.7%, and the Nasdaq Composite declined by 0.3%.
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