indices Testing Resistance Levels

Stocks Struggle After Jobs Report

The Dow Jones flat-lined on Friday as the S&P 500 and Nasdaq Declined.

The Dow and broader U.S. stock market finished mostly lower on Friday, as investors dissected the latest nonfarm payrolls report.

Wall Street’s major averages were mixed at the close, with the Dow Jones Industrial Average (DIA) flat-lining at 34,746.71.

The broad S&P 500 Index (SPY) of large-cap stocks fell 0.2% to close at 4,391.40. Most sectors finished in negative territory.

Meanwhile, the technology-focused Nasdaq Composite Index (QQQ) declined 0.5% to close at 14,579.54.

A measure of implied volatility known as the CBOE VIX (VXX) declined on Friday. The so-called “investor fear index” reached an intraday low of 18.20 on a scale of 1-100, where 20 represents the historical average. It would eventually settle down 4.4% at 18.68.

In commodities, oil prices were higher on Friday, as U.S. West Texas Intermediate futures rose $1.24, or 1.6%, to $79.54 a barrel on the New York Mercantile Exchange. Brent, the international futures contract, gained 62 cents, or 0.8%, to $82.57 a barrel.

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In precious metals, gold prices edged slightly lower, as the December futures contract declined $2.10, or 0.1%, to $1,757.10 a troy ounce on the Comex division of the New York Mercantile Exchange. Silver futures edged down 1 cent, or 0.1%, trade at $22.65 a troy ounce.

The Final Word: In economic data, U.S. employment grew by just 194,000 in September, well below the 500,000 expected. Employment for August was revised up to reflect a gain of 366,000, up from 235,000 initially reported.