Employment report fails to inspire Wall Street

Technology stocks led Wall Street lower today after an uninspiring employment report failed to ease investors’ concerns over Intel’s profit outlook. The major indexes finished the week mixed.

Investors were satisfied but not impressed by the Labour Department’s latest figures on unemployment, which fell to 5.4% from 5.5% in July, and the 144,000 jobs created in August was close to the 150,000 Wall Street expected.