World Weighs on Stocks After Jobs Data Surge
January's jobs data gave the stock market a jolt higher early Friday. But the advance proved short-lived, as has every rally of late. Traders reassessed the economic data while a raised terror threat indicator by the government and ongoing geopolitical concerns further weighed on sentiment.
As of 2:05 p.m. EST, the Dow Jones Industrial Average was down 0.9% to 7855.25, after having traded as high as 8001.08. The S&P 500 was lower by 1% to 829.84 vs. its earlier best of 845.73, and the Nasdaq Composite was down 1.2% to 1285.50, after having traded as high as 1314.50.
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