Slowing job growth, stimulus worries weigh on Nasdaq
The Nasdaq closed lower on Friday, as data showed a sharp slowdown in U.S. employment growth and investors worried lawmakers would fail to agree on another fiscal stimulus bill to bolster the economy from a coronavirus-induced recession.
The Dow Jones Industrial Average .DJI rose 46.5 points, or 0.17%, to 27,433.48, the S&P 500 .SPX gained 2.12 points, or 0.06%, to 3,351.28 and the Nasdaq Composite .IXIC dropped 97.09 points, or 0.87%, to 11,010.98.
The declines snapped the Nasdaq’s seven-session streak of gains, with the Dow and S&P falling after rising for five straight days. Each of the three major averages posted weekly gains.
Reference: Reuters
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