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US stocks close the week with losses

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Feb 5, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    US stocks fell sharply on Friday and closed the week with steep losses, following two weeks of gains.

    The Dow Jones Industrial Average lost 211.82 points, or 1.29%, to 16,204.83 and posted a 1.6% weekly loss. The S&P 500 fell 35.40 points, or 1.85%, to 1,880.05 and closed the week 1.3% lower. The Nasdaq Composite declined 146.41 points, or 3.25%, to 4,363.14 and finished the week 5.4% down.

    On the data front, US nonfarm payrolls showed the economy added only 151,000 new jobs in January, below the 190,000 expected and down from a revised 262,000 gain in December. However, wages rose and the unemployment rate edged down to 4.9%, hitting levels below 5% for first time since 2008.
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