Wall Street Closed the Week Lower

 

NEW YORK – U.S. stocks fell on Friday after data showed another weak month in terms of job creation highlighted fears that the economy is stagnating, but not enough to generate more stimuli in the Federal Reserve anytime soon.

Based on latest available data, the Dow Jones industrial average fell 124.20 points, or 0.96%, to close at 12,772.47 points, while the Standard & Poor’s 500 lost 12.90 points, or 0.94%, ending at 1,354.68 units.

Meanwhile, the Nasdaq Composite ended with a drop of 38.79 points, or 1.30%, to 2,937.33 units.

United States said Friday that its economy, the largest in the world, created in June, a net of 80,000 jobs, which is less than the 90,000 expected by analysts, although more than 77,000 open in May, according to revised figures.

 

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