Stocks fell on Friday, reversing from all-time highs, as investors digested weaker-than-expected jobs data to end a volatile week full of geopolitical concerns.

Boeing shares dropped 1.9% on Friday to lead the Dow lower. The financials and industrials sectors dropped at least 0.7% each to drag down the S&P 500.

The major averages still posted solid weekly gains despite Friday’s muted performance. The S&P 500 and Nasdaq were up 0.9% and 1.8%, respectively, for the week. The Dow was up 0.7% week to date.

Source: CNBC

Closing numbers for major indices:
Dow 30: 28,823.77 -133.13 (-0.46%)
Nasdaq: 9,178.86 -24.57 (-0.27%)
S&P 500: 3,265.35 -9.35 (-0.29%)

Commodity prices:
Oil: 59.12
Gold: 1,563.20
Silver: 18.13

Notes and Bonds:
10 year Note: 1.82%
30 Year Bond: 2.279%

Currencies:
USD Index: 97.35

Job market ends 2019 with disappointing 145,000 growth in payrolls

The Labor Department said nonfarm payrolls increased by just 145,000 while the unemployment rate held steady at 3.5%. Economists surveyed by Dow Jones had been looking for job growth of 160,000. The jobless rate met expectations for staying at a 50-year low. A more encompassing jobs rate that includes discouraged and underemployed workers fell to 6.7%, the lowest it’s ever been in records going back to 1994.

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Thanks,

Tommy O'Brien
TFNN