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- Global Stocks: U.S. indices declined amid strong jobs data
Global Stocks: U.S. indices declined amid strong jobs data
U.S. stock indices fell on Friday as a strong employment report suggested that Fed's plans to raise rates this year were intact.
The Dow Jones Industrial Average fell 46.37 points, or 0.3%, to 17373.38. The S&P 500 lost 5.99, or 0.3%, to 2077.57. The Nasdaq Composite declined 12.90, or 0.3%, to 5043.54.
The U.S. Labor Department said in a closely-watched report that U.S. employers added 215,000 jobs in July. The unemployment rate remained at 5.3%. Both results were in line with expectations.
Energy stocks in the S&P 500 were Friday's biggest losers with a 1.9% fall.
This morning in Asia Hong Kong Hang Seng declined 0.30%, or 74.85 points, to 24,477.62. China Shanghai Composite Index rose 3.20%, or 119.90 points, to 3,864.10. The Nikkei gained 0.22%, or 42.07 points, to 20,766.63.
Asian stocks traded mixed. Chinese equities climbed after some sources reported that the government accelerated development of state companies' reforms plan, which suggests increasing efficiency by attracting private funds.
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