Dow declines on jobs report

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Source: Dukascopy Bank SA
U.S. shares retreated on Friday after jobs report was released showing the U.S. labor market added less-than-forecast jobs in March. However, experts claim the disappointing data does not show a trend. The Dow Jones Industrial Average dropped 0.3%, or 40.86 points, to 14,565.25. Seven out of ten groups on Dow decreased, with tech shares and consumer goods losing the most. American Express Co erased 2.1% to close at $65.30, pacing losses in financial shares that slipped 0.4%. Among the poorest performers was Cisco Systems Inc. that plummeted 2% and lagged the broader market on speculation F5 Networks, its networking peer, announced lower-than-expected preliminary figures. Technology group declined the most, led by Hewlett-Packard Co that eased 1.5%, as its chairman Ray Lake is stepping down. Alongside to that, Boeing Co climbed 1.4% for the biggest gain in the index, as the company completed certification testing of the new battery system for its 787 model. The aircraft producer lifted industrial group that was 0.12% higher.


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Mon, 08 Apr 2013 10:22:50 GMT

European stocks rise first time in 4 days before German report

European shares bounced back from its biggest weekly drop in five months rising for the first time in four days on Monday before a report showed that industrial production in Germany increased in February. The benchmark Stoxx Europe 600 Index added 0.5% to 288.54 earlier on Monday London session after it fell 2.3% last week amid report showing less jobs

Mon, 08 Apr 2013 08:43:06 GMT

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