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US stocks pummeled by bleak jobs data

US stocks pummeled by bleak jobs data

US stocks closed more than two percent lower on Friday after a disappointing report on the United States’s labor market showed that job creation ground to a halt in August.

The Dow Jones Industrial Average was down 251.57 points (2.19 percent) to 11,242.00 in closing trade.

The broader S&P 500 fell 30.48 points (2.53 percent) to 1,173.94, while the tech-heavy Nasdaq Composite dropped 66.01 points (2.59 percent) to 2,480.03.

Stocks dived after the highly awaited US non-farm payrolls report revealed that the US economy created no jobs in August, leaving the unemployment rate at a stubbornly high 9.1 percent.

Taking lead from the neagtive US news, Singapore market likely to open negative in the absence of fresh leads on Monday September ,05 2011.

adapted from Yahoo finance

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Symbol Bid Ask Spread
EURUSD 1.22920 1.22940 2
GBPUSD 1.39750 1.39780 3
USDCAD 1.26900 1.26930 3
USDJPY 106.830 106.850 2
USDCHF 0.93640 0.93670 3
AUDUSD 0.78070 0.78100 3
NZDUSD 0.72740 0.72790 5
EURGBP 0.87940 0.87970 3
EURCHF 1.15110 1.15140 3
EURJPY 131.320 131.350 3
AUDJPY 83.400 83.450 5
GBPJPY 149.290 149.350 6
XAUUSD 1328.37 1328.77 40
XAGUSD 16.526 16.576 5