Sunday, January 15

Upbeat December jobs report fails to lift Wall Street

Stocks closed mixed despite an increase in employment last month, when the unemployment rate to its lowest level for almost three years.


The Government said Friday that the unemployment rate fell in December to 8.5 per cent, while U.S. employers added 200,000 jobs.


Shares drama were mixed string instrument still throughout the day as traders of Europe's current debt. Italy's borrowing costs have spiked to the dangerous concentrations, and Europe can they afford bail-out. Economic data deteriorated.


The Dow closed in 12.360 56 points, or 0.5 percent. S & P 500 3 or 0.3 percent, to 1.278 closed. NASDAQ up 4 or 0.2 percent closed to 2.674.


Falling stocks outnumbered easily increasing those on the New York Stock Exchange. Light was due to the 3.5 billion shares.


Alcoa Inc. was the Dow's biggest losers, sliding 2.2 per cent. A Citi analysts forecast that the aluminum manufacturer lost money in the fourth quarter of 2011 for the first time since the recession. Alcoa, which Monday reported earnings, said late Thursday that it would close an aluminum smelter in Tennessee and other operations to cut costs.


The last character of the labour market increased bought by investors to inspire. The unemployment rate fell last month to 8.5 per cent, while U.S. employers one net 200,000 jobs added to the Labor Department said.


The economy generated 100,000 or more jobs per month for the last six, the longest winning streak since April 2006. The number of people who are applying for unemployment benefits last week fell, pushing the four week moving average of new demands for below the lowest level since June 2008.


In other trading, the standard & poor's 500 index fell 2 points, or 0.2 per cent to 1.279. The Nasdaq composite index rose by 6 or 0.2 per cent to 2.675.


The euro fell as low as $1.2696, its lowest point since 10 September 2010. The yield on the 10-year Treasury Note fell to 1.96% comes from 2 percent late Thursday as investors money in low-risk investments. Yields fall, demand for them.


Italy pays now 7.09% loan for 10 years, what investor fears that that could be nation standard. Ireland and Portugal have been forced, rescue operations take if their ten-year bonds increased rates of 7%.


In contrast to those Nations, Italy is too big for the rest of Europe, bail-out. Heads of State and heads of Government of France and Italy met to discuss the spiraling debt crisis in Paris on Friday, to devour the both Nations and threatening large parts of the region into recession.


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