Wall Street Varies, But Steady Job Numbers?

NEW YORK, Make Money Blog - Stocks on Wall Street ended mixed on Thursday (05/04/2012) New York time (Friday morning local time), while weekly jobless claims in the United States fell to its lowest level in four years.

The Dow Jones Industrial Average shed 14.61 points (0.11 percent) to 13060.14.

Technology-heavy Nasdaq composite index rose 12.41 points (0.40percent) to 3080.50, and the broader market index S & P 500 rose0.88 points (0.06 percent) to 1398.08.

U.S. Labor Department reported initial jobless claims 357 000 filedin the week ended March 31, the lowest level since April 2008.

"The pressure comes as the recession and fiscal concerns continue to fester in the euro zone," said analysts at Charles Schwab.

Goldman Sachs shares fell nearly two percent. Morgan Stanley, General Electric, General Motors, also declined.

The Home Depot, McDonalds, and Wal-Mart are among the stocks that go up.

Bond prices rose as yields fell. The yield on 10-year U.S. bonds fell0.07 points to 2.18 percent. The yield on the 30-year bond fell 0.06points to 3.32 percent.

source: kompas.com

Posted in: Dow Jones,Wall Street