Dow, Nasdaq sink over 200 pts on weak jobs data

Friday, 03. December 2021 16:54

Wall Street turned to negative territory deep into Friday's session pulled by the underperforming November jobs figures, with nonfarm employment failing to meet market estimates by a wide margin. However, the November service sector activity accelerated its expansion and reached the highest value on record for the fifth time this year.

The Dow Jones lost 0.63% or 218 points at 10:53 am ET, while the Nasdaq 100 plunged 1.74% or 273 points. The S&P 500 fell by 1.01% at the same time. Tech stocks pulled all three indices down. The euro turned to losses against the dollar, selling for 1.12786 a minute later.

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Author:
Baha Breaking the News (BBN) / ND