The Business Times

US: Wall St ends lower after weak jobs data

Published Sat, Jun 4, 2016 · 01:53 AM

[NEW YORK] Wall Street finished lower on Friday, led down by financial shares, but managed to pare losses by session's end.

A surprisingly weak jobs report for May prompted doubts about the US economy and its ability to justify a near-term interest rate hike.

Based on the latest available data, the Dow Jones industrial average was down 31.91 points, or 0.18 per cent, to 17,806.65, the S&P 500 lost 6.15 points, or 0.29 per cent, to 2,099.11 and the Nasdaq Composite dropped 28.85 points, or 0.58 per cent, to 4,942.52.

REUTERS

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