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Stocks fall as weak jobs report stokes economic growth fears


Friday, 8 March 2019 23:50 WIB

Standard & Poor's 500Indeks NasdaqSaham AS


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Stocks fell on Friday after the U.S. government released employment data that badly missed expectations, adding to growing concerns that the global economy may be slowing down.

The Dow Jones Industrial Average pulled back 88 points as Exxon Mobil and Pfizer lagged. The S&P 500 fell 0.5 percent as the energy and consumer discretionary sectors dipped. The Nasdaq Composite slid 0.36 percent.

Equities came well off their lows in late-morning trading. At its session low, the Dow was down more than 200 points.

Treasury yields fell along with futures. The benchmark 10-year rate dipped to 2.619 percent while the 2-year yield traded at 2.45 percent.

Source: CNBC


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