U.S. stocks tumbled to close out the holiday-shortened week as non-farm payrolls rose by an abysmal 54k, well short of analyst estimates, pushing the unemployment rate up to 9.1%. The Dow tumbled by 97 points on the session while the S&P 500 fell by roughly 1% and the Nasdaq led all three on the downside, losing close to 1.5% thanks to weakness in the telecom and semiconductor segments of the market. Thanks to this continued weakness in the equity markets - it is the fifth straight week of losses for the Dow - traders sought exposure to commodities and Treasury bonds instead as metals rose and T-bond yields fell, once again flirting with the 3.00% mark.
Despite the inflows to Treasurys, the U.S. dollar turned in a very weak performance once again against most of the world?s other major currencies. The greenback slipped by close to 1.5 cents against the
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Yvonne Strzechowski Rhona Mitra Kelly Rowland Danica Patrick Josie Maran
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