U.S. stocks traded lower midway through trading, with the Nasdaq Composite falling more than 300 points on Friday.

The Dow traded down 1.64% to 29,435.14 while the NASDAQ fell 3% to 10,741.38. The S&P 500 also fell, dropping, 2.17% to 3,663.23.

Also check this: Dow Dips Over 300 Points, Volatility In Markets Increases

Leading and Lagging Sectors

In trading on Friday, information technology shares fell by 3.4%.

Top Headline

The US economy added 263,000 jobs in September, the least since April 2021, but still above analysts’ estimates of 250,000. The US unemployment rate declined to 3.5% in September, while average hourly earnings rose 0.3% to $32.46 in September.

Equities Trading UP

Equities Trading DOWN

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Commodities

In commodity news, oil traded up 3.2% to $91.32, while gold traded down 0.6% at $1,711.10.

Silver traded down 1.4% to $20.365 on Friday while copper fell 1.5% to $3.3945.

Euro zone

European shares were mostly lower today. The eurozone’s STOXX 600 fell 1%, London’s FTSE 100 rose 0.01% while Spain’s IBEX 35 Index fell 0.83%. The German DAX dropped 1.25%, French CAC 40 fell 1.01% and Italy’s FTSE MIB Index fell 0.88%.

France recorded a current account deficit of EUR 5.1 billion in August versus a EUR 5.3 billion gap in the prior month, while trade deficit increased to EUR 15.3 billion in August from revised EUR 14.8 billion in July.

Labor productivity in the UK rose by 0.3% on quarter during the three months to June, while Halifax house price index rose 9.9% year-over-year in September. Industrial production in Germany declined 0.8% month-over-month in August, while retail sales fell 1.3% month-over-month in August. Import prices in Germany climbed by 32.7% year-over-year in August.

Economics

Check out this: Investor Fear Increases Ahead Of US Jobs Data

COVID-19 Update

The U.S. has the highest number of coronavirus cases and deaths in the world, reporting a total of 98,474,750 cases with around 1,087,350 deaths. India confirmed a total of at least 44,606,460 cases and 528,750 deaths, while France reported over 35,705,230 COVID-19 cases with 155,360 deaths. In total, there were at least 625,747,770 cases of COVID-19 worldwide with more than 6,558,400 deaths.