Stock Quote        
  Join        Login  
logo

Markets flat Friday

Friday, September 07, 2012 10:37 AM

NEW YORK, Sept. 7 (UPI) -- U.S. stock indexes opened flat Friday after the Labor Department said 96,000 jobs were added to the economy in August.

The unemployment rate fell from 8.3 percent to 8.1 percent mostly due to the large number of workers who dropped out of the workforce.

Before August, the monthly tally of new jobs for 2012 averaged 151,000 per month.

Stocks found support from Europe, where an equities rally was sparked by the European Central Bank's bond-buying program announced Thursday.

In midmorning trading on Wall Street, the Dow Jones industrial average gained 0.86 points, or 0.01 percent, to 13,292.86. The tech-heavy Nasdaq Composite index added 0.57 points, or 0.02 percent, to 3,136.38. The Standard and Poor's 500 added 3.73 points, or 0.26 percent, to 1,435.85.

The benchmark 10-year treasury rose 21/32 to yield 1.61 percent.

The euro fell to $1.2772 from Thursday's $1.2631. Against the yen, the dollar fell to 78.26 yen from 78.86 yen.

In Tokyo, the Nikkei 255 index surged 2.2 percent, 191.08 points, to 8,871.65.

(Source: UPI )
(Source: Quotemedia)

Follow iStockAnalyst on Twitter Follow iStockAnalyst on Twitter
Subscribe to Email Alerts
Advertisement
Post Comment -- Login is required to post message
Name:  
Alert for new comments:
Your email:
Your Website:
Title:
Comments:
 




Fundamental data is provided by Zacks Investment Research, and Commentary, news and Press Releases provided by YellowBrix and Quotemedia.
All information provided "as is" for informational purposes only, not intended for trading purposes or advice. iStockAnalyst.com is not an investment adviser and does not provide, endorse or review any information or data contained herein.
The blog articles are opinions by respective blogger. By using this site you are agreeing to terms and conditions posted on respective bloggers' website.
The postings/comments on the site may or may not be from reliable sources. Neither iStockAnalyst nor any of its independent providers is liable for any informational errors, incompleteness, or delays, or for any actions taken in reliance on information contained herein. You are solely responsible for the investment decisions made by you and the consequences resulting therefrom. By accessing the iStockAnalyst.com site, you agree not to redistribute the information found therein.
The sector scan is based on 15-30 minutes delayed data. The Pattern scan is based on EOD data.