Wall St choppy after robust jobs data
Saturday, 6 June 2015
US stocks were mixed in choppy trading on Friday as a stronger-than-expected May jobs report strengthened the view that the US Federal Reserve will raise rates as early as September. At 12:51pm ET (1651 GMT) the Dow Jones industrial average was down 32.3 points, or 0.18 per cent, at 17,873.28, the S&P 500 was down 1.3 points, or 0.06 per cent, at 2,094.54 and the Nasdaq Composite was up 1.77 points, or 0.03 per cent, at 5,060.89. Eight of the 10 major S&P 500 sectors were lower, with the teleservices index leading the losses with a 1.6 per cent drop. Both AT&T and Verizon fell about 1.5 per cent. Declining issues outnumbered the advancers on the NYSE by 1,760 to 1,224, for a 1.44-to-1 ratio on the downside. On the Nasdaq, 1,381 issues rose and 1,264 fell for a 1.09-to-1 ratio favoring advancers. The S&P 500 showed 16 new 52-week highs and six new lows while the Nasdaq recorded 72 new highs and 38 new lows, according to Reuters.