NEW YORK, Feb. 7 (Xinhua) -- U.S. stocks closed lower on Friday despite solid jobs data.
The Dow Jones Industrial Average was down 277.26 points, or 0.94 percent, to 29,102.51. The S&P 500 fell 18.07 points, or 0.54 percent, to 3,327.71. The Nasdaq Composite Index was down 51.64 points, or 0.54 percent, to 9,520.51.
Most of the 30 Dow component companies traded in red territory, with Caterpillar and Dow being the top two laggards and declining 2.83 percent and 2.38 percent, respectively.
Eight of 11 primary S&P 500 sectors traded lower, with materials and information technology shedding 1.46 percent and 0.98 percent, respectively, leading the laggards.
On data front, U.S. total nonfarm payroll employment rose by 225,000 in January, and the unemployment rate was little changed at 3.6 percent, the U.S. Labor Department said Friday.
Notable job gains occurred in construction, health care, and in transportation and warehousing, the department said.
The Dow Jones Industrial Average was down 277.26 points, or 0.94 percent, to 29,102.51. The S&P 500 fell 18.07 points, or 0.54 percent, to 3,327.71. The Nasdaq Composite Index was down 51.64 points, or 0.54 percent, to 9,520.51.
Most of the 30 Dow component companies traded in red territory, with Caterpillar and Dow being the top two laggards and declining 2.83 percent and 2.38 percent, respectively.
Eight of 11 primary S&P 500 sectors traded lower, with materials and information technology shedding 1.46 percent and 0.98 percent, respectively, leading the laggards.
On data front, U.S. total nonfarm payroll employment rose by 225,000 in January, and the unemployment rate was little changed at 3.6 percent, the U.S. Labor Department said Friday.
Notable job gains occurred in construction, health care, and in transportation and warehousing, the department said.
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