EST at 15:12 on December 3rd, the Dow Jones Industrial Average fell 15.28 points to 11,347.13 points, down 0.13%; the Nasdaq composite index rose 6.65 points to 2,586.00 points, or 0.26%; the S & P 500 Index fell 0.94 points to 1,220.59 points, down 0.08%.
Telecommunications sector led by the broader market. In less than expected in November after the release of employment data, U.S. stocks ended with positive gains in the two. However, two other economic data eased the market disappointment. In addition, some analysts also pointed out that the bad employment data will improve this year, the U.S. Senate to extend the Bush tax cuts expire at the end of the possibilities.
President of asset management institutions Sterne Agee Jerry - Harris (Jerry Harris) said, "today's economic data showed the job market conditions, will become the driving force prompted Congress to take measures." He said Congress Yaome extend the Bush tax cuts or unemployed relief program will be expanded.
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.
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