• Global Stocks: U.S. indices weighed down by job data and falling oil

Market news

12 January 2015

Global Stocks: U.S. indices weighed down by job data and falling oil

U.S. markets closed lower on Friday after a mixed set of U.S. job data with the unemployment rate declining to 5.6% in December, and hourly earnings decreasing to $24.57. Falling oil prices also weighed on the indices. The DOW JONES index lost -0.95%, 170 points, closing at 17,737.37. The S&P 500 declined by -0.84% with a final quote of 2,044.81 ending a two-day rally.

Hong Kong's Hang Seng added +0.46% to 24,029.33 points. China's Shanghai Composite closed at 3,231.06 points, a loss of -1.65% as investors sell shares to fund upcoming new listings and take profit after the recent rally.

Japan's Nikkei is closed today due to a bank holiday in Japan. On Friday the index added +0.18% closing at 17,197.73 points rising for a third day.

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