Stocks fell at the open even after the U.S. government released jobs growth data that easily beat expectations.
Caterpillar and Goldman Sachs led the 30-stock index lower, falling more than 1% each. Energy, materials and tech dragged down the S&P 500 as each sector fell at least 0.9%.
Stocks were up sharply for the week entering Friday as strong earnings and economic data outweighed worries over the coronavirus' economic impact. The major averages also reached record highs on Thursday boosted by China's decision to halve tariffs on a slew of U.S. products. The world's second-largest economy announced it would halve tariffs on $75 billion worth of U.S. imports on Thursday.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
RS Charts: Roddy Ricch Returns to Number One on Top 200 Albums ChartRS Charts Roddy Ricch Returns to Number One on Top 200 Albums Chart
Read more »
There are 200 tons of live lobsters stuck in New Zealand after China canceled import ordersWith China's government closing borders and imposing travel restrictions, Chinese distributors have canceled import orders of rock lobster. Now, there are about 165-200 tons of live lobsters stuck in New Zealand, the country's government says.
Read more »
Russ, Kesha and Louis Tomlinson on Course For Top 10 Debuts on Billboard 200 Albums ChartAfter a week where nothing debuted in the top 10 of the Billboard 200 albums chart, it appears four titles could bow in the region on next week’s tally. On the Feb. 15-dated chart, where Lil Wayne’s 'Funeral' is expected to open at No. 1, he might be joined by arrivals in the top 10 from Russ’ 'Shake the Snow Globe,' Kesha’s 'High Road' and Louis Tomlinson’s 'Walls.'
Read more »
Over 200 medical professionals in the South oppose bills targeting trans youthMore than 200 medical professionals in the South have signed an open letter opposing a bevy of state bills targeting health care treatment for transgender minors.
Read more »
What to watch today: Dow set to fall, Democrats debate and another possible streaming serviceU.S. stock futures point to a lower Wall Street open, after an extremely bullish first four days of the trading week.
Read more »
Dow futures pull back after indexes post trio of records ahead of Friday jobs reportU.S. stocks on Friday are indicated modestly lower after all three benchmarks finished at all-time highs, with investors awaiting an important report on employment in January, digesting a hectic week of earnings and contending with China’s efforts to contain a fast-moving virus.
Read more »