December 13, 2017
Friday, March 6, 2015

Wall St ends lower as jobs data may bring rate hike sooner

US stocks closed lower on Friday and the S&P 500 declined for a second straight week after a strong monthly jobs report as investors bet that the Federal Reserve could raise interest rates sooner than previously expected.

The Dow Jones industrial average fell 278.94 points, or 1.54 percent, to 17,856.78, the S&P 500 lost 29.78 points, or 1.42 percent, to 2,071.26 and the Nasdaq Composite dropped 55.44 points, or 1.11 percent, to 4,927.37.

In Europe, stocks were rising with shares in stainless steel producers surging after news the European Union was set to impose anti-dumping duties on imports from China and Taiwan.

Europe's benchmark FTSEurofirst 300 closed up 0.1 percent after touching seven-year highs ahead of the European Central Bank's bond-purchase stimulus that begins on Monday.

Meanwhile, Japan's Nikkei share average rose to a fresh 15-year high as encouraging comments from the European Central Bank lifted sentiment, but FamilyMart Co fell on news that it was in merger talks with UNY Group Holdings Co.

The Nikkei ended 1.2 percent higher at 18,971.00 points, its best closing level since April 2000. For the week,it rose 0.9 percent and posted a fourth consecutive week of gains. The broader Topix rose 1.1 percent to 1,540.84 and the JPX-Nikkei Index 400 added 1.2 percent to 14,008.74.
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Tags:  US  stock market  Europe  Nikkei  

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Edition No. 5055 - This publication is a property of NEFIR S.A. -RNPI Nº 5343955 - Issn 1852 - 9224 - Te. 4349-1500 - San Juan 141 , (C1063ACY) CABA - Director Perdiodístico: Ricardo Daloia