(menafn – ecpulse)
The world's leading economy had sentiments of pessimism spread on its soil and stocks market throughout the day to therefore close in red as today's ADP employment change revealed to us that the number of workers added in April within the world's leading economy were the fewest in seven months; having only 119 thousand employees were added to the private sector of the country in April.
And accordingly this is a clear indication ahead of the awaited jobs report that the labor market requires time to truly recover and have overall high jobless levels ease regardless of all the past and recent signs of improvement witnessed throughout this key sector while that on a global scale euro-region unemployment rose to a 15-year high.
The Dow Jones Industrial Average index shed 10.75 points or 0.08% to close at 13268.57 levels, the index reached the highest point at 13192.21 and the lowest point at 13278.11, By closing 16 shares inclined while 14 shares declined and 30 shares remained unchanged.
The Standard & Poor’s 500 Index lost 3.51 points or 0.25% to close at 1402.31 levels, the index reached the highest point at 1393.92 and the lowest point at 1405.50, By closing 312 shares inclined while 184 shares declined and 4 shares remained unchanged.
The NASDAQ Composite Index declined 9.41 points or 0.31% to close at 3059.85 levels, the index reached the highest point at 3061.47 and the lowest point at 3028.94, By closing 1264 shares inclined while 1080 shares declined and 185 shares remained unchanged.
Now Alcoa Inc. and Bank of America Corp. each slumped 1.8 percent to pace losses among the biggest companies while that Chesapeake Energy Corp. tumbled 15 percent after reporting an unexpected loss and saying it may run out of money next year under the weight of the lowest natural-gas prices in a decade.
Plus The KBW Bank Index dropped 0.9 percent as 18 of its 24 stocks retreated while that Bankrate Inc. plunged 15 percent, the most since it went public in Jun
The Dollar index which measures the performance of the U.S. dollar against a basket of currencies including the Euro, the Pound, and the Yen, rose to currently trade at 79.18 recording its highest level at 79.32 and its lowest at 78.80. Gold prices dropped to reach 1651.90 per ounce climbing from the opening price of 1662.42. Oil declined to reach 105.42 after opening at 105.97 per barrel