Dow Dips 400 Points; US Adds Fewer Than Expected Jobs

U.S. stocks traded lower toward the end of trading, with the Dow Jones index falling around 400 points on Friday.

The Dow traded down 0.93% to 44,333.38 while the NASDAQ dipped 1.32% to 19,530.62. The S&P 500 also fell, dropping, 0.84% to 6,032.71.

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Leading and Lagging Sectors

Energy shares surged by 0.7% on Friday.

In trading on Friday, consumer discretionary shares fell by 2.3%.

Top Headline

Nonfarm payrolls rose by 143,000 in January 2025, marking a sharp slowdown from the upwardly revised 307,000 in December and missing economist expectations of 170,000, as tracked by TradingEconomics.

The unemployment rate inched down from 4.1% to 4% in January, beating expectations of a stable reading.

Equities Trading UP
                       

Equities Trading DOWN

Commodities

In commodity news, oil traded up 0.5% to $70.95 while gold traded up 0.3% at $2,886.00.

Silver traded down 1.1% to $32.285 on Friday, while copper rose 3.2% to $4.6020.

Euro zone

European shares were lower today. The eurozone's STOXX 600 slipped 0.38%, Germany's DAX 40 fell 0.53% and France's CAC 40 fell 0.43%. Spain's IBEX 35 Index fell 0.33%, while London's FTSE 100 fell 0.31%.

Asia Pacific Markets

Asian markets closed mixed on Friday, with Japan's Nikkei 225 falling 0.72%, China's Shanghai Composite Index climbing 1.01%, Hong Kong's Hang Seng Index gaining 1.16% and India's BSE Sensex falling 0.25%.

Economics

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