Investing.com - Concerns that the Ukraine crisis my heat up anew
offset a better-than-expected February jobs report and sent stocks
trading mixed to higher on Friday.
At the close of U.S. trading, the Dow Jones Industrial Average
rose 0.19%, the S&P 500 index rose 0.05%, while the Nasdaq
Composite index fell 0.37%.
The Bureau of Labor Statistics reported earlier that the U.S.
economy added 175,000 jobs in February, beating expectations for a
January's figure was revised up to 129,000 from 113,000.
The U.S. private sector added 162,000 jobs last month, exceeding
expectations for a 154,000 rise. January's figure was revised up to
145,000 from 142,000.
The report also showed that the U.S. unemployment rate ticked up
to 6.7% in February, from 6.6% the previous month. Analysts had
expected the unemployment rate to remain unchanged last month.
Meanwhile, data also showed that the U.S. trade deficit expanded
to $39.1 billion in January, from $38.98 billion in December, whose
figure was revised from a previously estimated deficit of $38.7
Analysts had expected the trade deficit to expand to $39.00
billion in January.
The bullish data sent stocks rising by fueling hopes that an
improving economy will bolster corporate fundamentals down the
Offsetting gains, however, were concerns the Russian standoff in
Ukraine may be heating up anew.
Russian President Vladimir Putin said earlier that he wouldn't
ignore pleas for help from Russian speakers in Ukraine, which
markets interpreted as rebuff to U.S. President Barack Obama's call
to end the crisis.
Leading Dow Jones Industrial Average performers included Nike,
up 1.57%, Exxon Mobil, up 1.30%, and Goldman Sachs, up 0.93%.
The Dow Jones Industrial Average's worst performers included
Walt Disney, down 1.36%, Microsoft, down 0.72%, and Verizon down
European indices, meanwhile, finished lower.
After the close of European trade, the EURO STOXX 50 fell 1.50%,
France's CAC 40 fell 1.15%, while Germany's DAX 30 fell 2.01%.
Meanwhile, in the U.K. the FTSE 100 fell 1.12%.
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