Most of the US stock indices fell during trading on Friday, after the release of the monthly jobs report, but “Nasdaq” managed to resume its upward march, reaching new records.
And the US Department of Labor revealed in a statement that the world’s largest economy added 235,000 jobs in August, while analysts’ expectations indicated an addition of 720 thousand jobs.
The unemployment rate fell to 5.2% last month, in line with expectations, after a reading of 5.4% in July.
Observers believe that the disappointing jobs report may raise uncertainty in the markets about the Fed’s possible move to reduce the volume of asset purchases, perhaps before the end of this year.
In a separate context, data also showed that the “ISM” index of US services purchasing managers’ reading of 61.7 points from 64.1 points in August, while analysts expected a reading of 61.9 points.
In the oil market, US “NYMEX” crude futures for October delivery fell by 1%, or 70 cents, and crude closed at $69.29 a barrel, achieving a weekly gain of 0.8%.
Brent crude futures for October delivery fell 0.6%, or 42 cents, and the crude closed at $72.61 a barrel, achieving a weekly gain of 1.3%.
At the conclusion of trading, the “Dow Jones” index declined by 0.2% (equivalent to 74 points) to 35,369 points, and recorded weekly losses of 0.2%, reaching the highest level at 35,422 points and the lowest level at 35,269 points.
The “S&P 500” decreased by 0.1% (equivalent to 1.5 points) to 4535 points, and recorded weekly gains of 0.6%, and reached the highest level at 4541 points and the lowest level at 4521 points.
The “Nasdaq” rose by 0.2% (equivalent to 32 points) to 15,363 points, and the index achieved weekly gains of 1.6%, reaching the highest level at 15375 points and the lowest level at 15283 points.
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