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.
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV