Wall St drops before jobs report
Friday, 5 June 2015
US stocks fell on Thursday, hit by nervousness ahead of Friday's jobs report and lingering uncertainty over a Greece aid deal with creditors. The Dow Jones industrial average fell 170.69 points, or 0.94 per cent, to 17,905.58, the S&P 500 lost 18.23 points, or 0.86 per cent, to 2,095.84 and the Nasdaq Composite dropped 40.11 points, or 0.79 per cent, to 5,059.13. Oil prices eased for a second day ahead of an OPEC decision which could keep the market oversupplied. During the session, declining issues outnumbered advancing ones on the NYSE by 2,374 to 677, for a 3.51-to-1 ratio; on the Nasdaq, 1,994 issues fell and 769 advanced for a 2.59-to-1 ratio favoring decliners. The S&P 500 posted four new 52-week highs and six new lows; the Nasdaq Composite recorded 83 new highs and 32 new lows. About 6.3 billion shares changed hands on US exchanges, slightly above the 6.2 billion average for the last five sessions, according to Reuters.