US stocks drop as mixed jobs report keeps investors guessing

US stocks drop as mixed jobs report keeps investors guessing

US stocks have closed lower after the latest jobs report gave investors few clues about the Federal Reserve’s next move on interest rates.

It was the second-worst week for the market so far this year.

The Dow Jones industrial average lost 272 points, or 1.7%, to 16,102. It had been down as much as 348 earlier.

The Standard & Poor’s 500 index gave up 29 points, or 1.5%, to 1,921.

The Nasdaq composite slipped 49 points, or 1.1%, to 4,683.

The government reported that the unemployment rate fell to a seven-year low in August, but also that employers added fewer jobs than forecast.

Gap fell 2% after reporting a drop in sales.

Bond prices rose while the yield on the 10-year Treasury note fell to 2.13%.

More in this Section

Tory Party chairman James Cleverly: Jamie Oliver’s restaurant collapse not about BrexitTory Party chairman James Cleverly: Jamie Oliver’s restaurant collapse not about Brexit

Cork-based delivery franchise seeks to tap online parcels surge     Cork-based delivery franchise seeks to tap online parcels surge

Elizabeth Warren is set to change US policies for business, even if she fails to secure tilt at presidencyElizabeth Warren is set to change US policies for business, even if she fails to secure tilt at presidency

Irish Whiskey wants to turn Brexit on its headIrish Whiskey wants to turn Brexit on its head


Lifestyle

Frits Potgieter is General Manager with Muckross Park Hotel and Spa.You've Been Served: Frits Potgieter, Muckross Park Hotel and Spa

More From The Irish Examiner