US stocks close lower, log weekly losses after jobs data

US stock indices fell on Friday, after the release of a mixed jobs report, and Wall Street posted weekly losses.

The US Department of Labor reported that the economy has added 199K new jobs in December, less than forecasts of 430K jobs, while the unemployment rate fell to 3.9% from 4.2%.

The 10-year US Treasury bond yield rose to 1.75%, which weighs down on the stock, commodity and metal markets.

The Federal Reserve meeting minutes showed Fed officials are preparing to move quicker in raising interest rate than expected.

St. Louis Federal Reserve President James Bullard said that Fed could raise interest rates as soon as March, which is sooner than expected.

To the oil market, WTI crude February futures rose fell 0.7% or 56 cents, and closed at $78.90 a barrel, and posted a weekly gain of 5%.

Brent March futures fell 0.3% or 24 cents, and closed at $81.75 a barrel, with a weekly of 5.1%.

As for stocks, Dow Jones fell 0.1% or 5 points, and closed at 36,231, and posted a weekly loss of 0.3%, with a day high of 36,382, and a low of 36,111.

S&P 500 fell 0.4% or 19 points to 4,677 and posted a weekly loss of 1.9%, after hitting a high of 4,707 and a low of 4,662 points.

Nasdaq fell 0.9% or 145 points to 14,936, and registered a 4.5% weekly loss, with a high of 15,171 and a low of 14,877.