U.S. Stocks remain flat after weak jobs report and Syria, U.S. unemployment drops to 7.3%

Jobs report and Syria fears whipsaw stocks

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Today – Friday 6th September

  • U.S. stocks remain little changed because the U.S. August payrolls report showed about 169,000 jobs were added, fewer than the 180,000 that had been expected. Unemployment dropped to 7.3% because low levels of labor participation, basically the unemployment rate dropped because less people are now looking for jobs.
  • Investors still worry about the Syria situation, after President Obama met with Russian President Putin, Putin said he would continue to enforce Syria with weapons even if U.S. attacks. Syria and Russia has a strong relationship.
  • September 17-18 is the time when the Fed will decide when to stop the $85 Billion stimulus into the economy.
  • The Dow Jones industrial average (^DJI) fell 14.98 points or 0.1 percent, to 14,922.5, the S&P 500 (^GSPC) gained 0.09 points or 0.01 percent, to 1,655.17 and the Nasdaq Composite (^IXIC) added 1.225 points or 0.03 percent, to 3,660.01.
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Categories: Capital Markets

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