The US equity index skated on Friday after a weakness in employment data and consumer sentiment survey.
At 10:06am ET, the Dow Jones Industrial Average fell to 70.38 points (0.16%) to 44,677.25, with the S&P 500 losing 11.84 points (0.19%) to 6,071.73, while the Nasdaq Composite lost 108.18 points. , to 19,683.82.
At the opening bell, the Dow Jones industrial average rose 14.9 points (0.03%) to 44762.57. The S&P 500 dropped to 0.4 points (0.01 percent) 6083.13, while the Nasdaq composite reduced 17.1 points (0.09 percent) to 19774.867.
Labor Bureau data shows that the US added jobs in January, adding fewer jobs than expected while unemployment was inscribed.
The total number of jobs in the United States increased by 143,000 last month, significantly lower than the revised figure of 307,000 in December.
The University of Michigan’s February reserve index for consumer sentiment reached 67.8 compared to its 71.1 forecast.
Treasury yields rose by 5 basis points in 2010 to 4.48%.
The winner and the loser
Amazon.com shares fell 3.6% due to first quarter revenue, due to a decline in retailer’s cloud computing unit, Amazon Web Services, and lower than expected forecasts.
Pinterest Stock rose 17.5% after the image sharing platform projected first quarter revenues above Wall Street estimates.
Microchip Technology stock lost 3.7% since chipmakers predicted net sales and profits for the fourth quarter below estimates.
ELF Beauty Stock fell 23.3% after the company reduced its annual sales and profit forecasts.
Land
Gold prices rose on Friday, urging investors to seek evacuation to safe haven assets to widen trade tensions between the US and China.
As of 09:33 AM ET (1433 GMT), Spot Gold has increased 0.6% to $2,873.63 per ounce. US gold futures added 0.7% to $2,897.50.
Spot Silver Rose 0.7% to $32.41 per ounce.
crude oil
Oil prices rose on Friday after new sanctions were imposed on Iran’s gross exports.
Brent crude futures rose 42 cents (0.6%) at 1300 GMT at $74.71 per barrel. U.S. West Texas intermediate crude rose 39 cents (0.6%) to $71 a barrel.
