U.S. stocks traded lower this morning, with the Dow Jones index falling around 500 points on Friday.

The Dow traded down 1.18% to 42,130.51 while the NASDAQ dipped 1.54% to 19,178.72. The S&P 500 also fell, dropping, 1.26% to 5,843.63.

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Leading and Lagging Sectors

Energy shares rose by 0.6% on Friday.

In trading on Friday, information technology shares tumbled by 2.1%.

Top Headline

The labor market ended 2024 on a strong note, adding 256,000 jobs in December, exceeding economist forecasts and showcasing once again the resilience of the U.S. economy.

Nonfarm payrolls rose by 256,000 last month, up from the downwardly revised 212,000 in November and sharply surpassing economist expectations of 160,000 payrolls as tracked by TradingEconomics.

Equities Trading UP
                       

Equities Trading DOWN

Commodities

In commodity news, oil traded up 4.1% to $76.98 while gold traded up 1.4% at $2,728.00.

Silver traded up 1.9% to $31.590 on Friday, while copper rose 0.6% to $4.3335.

Euro zone

European shares were lower today. The eurozone's STOXX 600 declined 0.6%, Germany's DAX 40 fell 0.2% and France's CAC 40 dipped 0.4%. Spain's IBEX 35 Index fell 1.2%, while London's FTSE 100 slipped 0.7%.

Asia Pacific Markets

Asian markets closed lower on Friday, with Japan's Nikkei 225 falling 1.05%, China's Shanghai Composite Index dipping 1.33%, Hong Kong's Hang Seng Index declining 0.92% and India's BSE Sensex falling 0.31%.

Economics

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