DJIA, S&P 500 Trades Lower on Disappointing US Jobs Data

DJIA, S&P 500 Trades Lower on Disappointing US Jobs Data

On Monday, DJIA and the S&P 500 traded lower after the August nonfarm payrolls came short than the analysts’ forecast.

The Dow Jones Industrial Average plunged to 0.21% or 74.73 points to $35,369.09 per share. 

Similarly, the S&P 500 index edged down 0.03% or 1.52 points to $4,535.43 per share. 

On the other hand, the Nasdaq Composite index rose 0.21% or 32.34 points to $15,363.52 per share.

Then, the Nasdaq 100 index jumped to 0.31% or 48.61 points to $15,652.86 per share.

The key nonfarm payrolls sharply declined to 235,000 jobs from the forecasted 720,000.

Remarkably, the posted data edged lower than its previous revised number of 1.05 million.

The downbeat August report represented the impact of tighter pandemic measures brought by the highly infectious Delta variant. 

Consequently, the disappointing data could delay the plans of the Federal Reserve on unwinding its massive bond-buying program.

Meanwhile, European stocks reacted negatively to the US jobs data. 

The pan-European STOXX 600 plummeted 0.56% or 2.67 points to $471.93 per share.

Likewise, European STOXX 50 inched down 0.71% or 30.12 points to $4,201.98 per share.

In the Frankfurt Stock Exchange, the MDAX Performance index fell 0.60% or 219.21 points to $36,056.41 per share.

Similarly, the DAX index dropped 0.37% to 59.39 points to $15,781.20 per share.

In the London Stock Exchange, the FTSE All-Share index plunged to 0.32% or 13.03 points to $4,120.51 per share.

Then, the FTSE 100 index also fell 0.36% or 25.55 points to $7,138.35 per share. 

Additionally, the CAC 40 index edged down 1.08% or 73.09 points to $6,689.99 per share.

Asian Market Up on Downbeat US Jobs Data

Moreover, the Asian market soared on the release of weak US jobs data.

In Japan, the Nikkei 225 index soared 1.83% or 531.78 points to $29,659.89 per share.

Likewise, the broader TOPIX index inched up 1.28% or 25.77 points to $2,041.22 per share.

In China, the Shanghai Composite index improved 1.11% or 39.79 points to $3,621.53 per share.

Also, the Shenzhen Component index rose 2.56% or 363.54 points to $14,543.41 per share. 

Moreover, Hong Kong’s Hang Seng index edged up 0.85% or 220.37 points to $26,122.36 per share.

In addition, South Korea’s KOSPI climbed 0.07% or 2.27 points to $3,203.33 per share. 

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