us stocks flat on mixed jobs data europe worries
Last Updated : GMT 06:49:16
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Last Updated : GMT 06:49:16
Arab Today, arab today

US stocks flat on mixed jobs data, Europe worries

Arab Today, arab today

Arab Today, arab today US stocks flat on mixed jobs data, Europe worries

London - AFP

Wall Street stock markets flatlined Friday as traders digested mixed jobs market data and worried about Europe's ability to respond to a growing eurozone debt crisis. The Dow Jones Industrial Average rose 1.97 points (0.02 percent) to 12,018.06 in closing trade. The tech-heavy Nasdaq Composite edged up 0.73 point (0.03 percent) to 2,626.93, while the S&P 500, a broader measure of the markets, slipped 0.34 point (0.03 percent) to 1,244.24. Stocks pared modest opening gains "as traders grapple with a mixed US Labor report and continued uncertainty regarding the eurozone?s ability to successfully combat the festering debt crisis," Charles Schwab analysts said in a client note. The analysts said that traders may be treading with some caution ahead of the weekend and a key European Union summit on the eurozone crisis Thursday and Friday. In its highly anticipated monthly jobs market report, the Labor Department said the unemployment rate dropped to a 32-month low of 8.6 percent in November. It was the sharpest decline since December, and surprised most analysts who forecast the jobless rate would hold steady at 9.0 percent for a second straight month.

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