Wall Street falls slightly after jobs report

Economies.com
2022-01-07 15:21PM UTC

US stocks fell on Friday, after the release of disappointing monthly jobs report, amid focus on the Treasury bond yields.

 

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.

 

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

 

As for stocks, Dow Jones fell 0.1% or 50 points to 36,186 as of 15:20 GMT, and S&P 500 fell 0.1% or 8 points to 4,687, while Nasdaq fell 0.2% or 40 points to 15,041.

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