US shares Friday’s session on lower note following jobs data...| MENAFN.COM

Sunday, 02 April 2023 03:31 GMT

US shares Friday’s session on lower note following jobs data reveal

(MENAFN) US shares started with decrease on Friday following the reveal of key jobs data.

The US economy saw a surge of 517,000 jobs last month, higher than the market forecast, whereas the unemployment rate dropped to 3.4 percent, the Labor Department declared previously.

The market anticipation for nonfarm payrolls stood at a 185,000 earn in January, whereas the market forecast for unemployment was to come in standing at 3.6 percent.

The Dow Jones was 127 points lower, or 0.37 percent, to reach 33,926 as of 9.34 AM EDT (1434GMT). The S&P 500 declined 45 points, or 1.1 percent, to stand at 4,133.

The tech-heavy Nasdaq fell 223 points, or 1.8 percent, to stand at 11,977 at the same time.

The VIX volatility index, also known as the fear index, saw a drop of 1.1 percent reaching 18.52, whereas the 10-year US Treasury yield gained 3.4 percent to amount to 3.514 percent.

The dollar index increased by 0.76 percent to reach 102.52, whereas the euro fell 0.5 percent to stand at USD1.0857 versus the dollar.


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