Major U.S. stock indexes sharply lower on Friday after much weaker-than-expected nonfarm payrolls data for May raised doubts if the economy was healthy enough to absorb an interest rate hike in the near term. The U.S. Labor Department said payrolls increased by only 38,000 last month, the smallest gain since September 2010 and well below economists' forecasts of 164,000. The jobless rate fell to 4,7%, the lowest since November 2007.
Most of Dow stocks in negative area (18 of 30). Top looser - The Goldman Sachs Group, Inc. (GS, -2,54%). Top gainer - Caterpillar Inc. (CAT, +1,28%).
Most of S&P sectors also in negative area. Top looser - Financial (-1,2%). Top gainer - Utilities (+1,6%).
At the moment:
Dow 17794.00 -31.00 -0.17%
S&P 500 2095.75 -8.00 -0.38%
Nasdaq 100 4511.25 -21.00 -0.46%
Oil 48.74 -0.43 -0.87%
Gold 1241.80 +29.20 +2.41%
U.S. 10yr 1.71 -0.10