2010/12/3

Afternoon: U.S. stocks fell within a narrow range

The dollar index fell sharply, the U.S. stock market Friday afternoon within a narrow range. November employment figures disappointing, but many investors expect the next few weeks the data may be increased.
EST at 13:03 on December 3rd, the Dow Jones Industrial Average fell 14.91 points to 11,347.50 points, down 0.13%; the Nasdaq composite index rose 4.35 points to 2,583.70 points, or 0.17%; the S & P 500 Index fell 1.69 points to 1,219.84 points, down 0.14%.
Cantor Fitzgerald U.S. institutional investors, chief market strategist Mark - Pardo (Marc Pado), said, "very disappointing jobs data, but I suspect the data in the next month may be increased. November sales fell it? Market may will respond to this data, but you must remain suspicious of it. "
U.S. Department of Labor announced in November nonfarm payrolls increased by only 3.9 million people, so bullish investors disappointed. Economists surveyed by Dow Jones Newswires had expected an increase of 14.4 million. November private sector employment increased by only 5 million people. Last month the unemployment rate unexpectedly rose to 9.8%, economists had expected the unemployment rate will remain at October's 9.6% level. Unemployment data from another survey carried out for the family.
After the publication of the non-farm payrolls, the dollar fell sharply. Currently tracking dollar trade-weighted basket of six major currencies, the dollar index fell more than the performance of 1%.

More:

USA: new posts far below expectations


CBS: supported by a positive note


USA: Orders for the industry worse than expected