The Dow Jones Industrial Average closed at 28,823.77 on Friday with a loss of 133.13 points or -0.46%. The S&P 500 closed at 3,265.35 for a loss of 9.35 points or -0.29%. The Nasdaq Composite closed at 9,178.86 for a loss of 24.57 points or -0.27%. The VIX Volatility Index was higher at 12.57 for a gain of 0.030 points or 0.24%.
For the week, the Nasdaq gained 1.8%, the S&P 500 gained 0.9% and the Dow Jones gained 0.7%. For the year, the Nasdaq is now up approximately 0.95%, the S&P 500 has a gain of 0.23% and the Dow Jones is down slightly with a loss of 0.16%.
Friday's market movers
U.S. indexes ended lower Friday after a volatile week rocked mostly by Middle East conflicts. The December jobs report was in focus. The U.S. economy added 145,000 new payrolls in December, slightly below the expectation of 165,000 and below November's report of 256,000. The unemployment rate was unchanged at 3.5%. Ending the 2019 year, the final jobs data showed 10 consecutive years of annual payroll increases.
Full details from the December 2019 jobs report included the following:
- Non-farm payrolls up 145,000 following an increase of 256,000 and below estimates of 165,000.
- Unemployment rate unchanged at 3.5%.
- Non-farm payroll private additions of 139,000 with previous of 243,000 and estimate of 157,000.
- Average hourly earnings up 0.1% in December and up 2.9% year over year.
- Average weekly hours unchanged at 34.3.
- Government payrolls up 6,000, with previous of 13,000 and estimate of 8,000.
- Participation rate unchanged at 63.2%.
- Manufacturing payrolls down 12,000, with previous of 58,000 and estimate of -12,000.
In other news:
- Boeing was lower after the release of controversial internal messages on safety.
- The House passed legislation stopping the use of force by the president in Iran without Congressional approval.
- The House will send articles of impeachment to the Senate next week.
- Reports suggested a phase two China deal may be delayed until after the 2020 election.
- Wholesale inventories decreased 0.1% in November following an increase of 0.1%.
- The Baker Hughes North American Oil Rig Count increased to 984 from 881.
In the S&P 500, financials and industrials led losses In the Dow Jones Industrial Average, the following stocks led losses:
- Boeing (NYSE:BA) -1.91%
- Travelers (NYSE:TRV) -1.53%
- Dow Inc. (NYSE:DOW) -1.32%
- United Technologies (NYSE:UTX) -1.17%
- JPMorgan (NYSE:JPM) -1.00%
In small caps, the Russell 2000 closed at 1,657.64 for a loss of 7.34 points or -0.44%. The S&P 600 closed at 1,010.84 for a loss of 4.95 points or -0.49%. The Dow Jones U.S. Small-Cap Growth Index closed at 10,664.09 for a loss of 45.69 points or -0.43%. The Dow Jones U.S. Small-Cap Value Index closed at 9,784.89 for a loss of 31.94 points or -0.33%.
Other notable indexes
Other notable index closes included the S&P 400 Mid-Cap Index at 2,051.37 for a loss of 6.68 points or -0.32%; the S&P 100 at 1,462.07 for a loss of 4.40 points or -0.30%; the Nasdaq 100 at 8,966.64 for a loss of 22.99 points or -0.26%; the Russell 3000 at 1,911.28 for a loss of 5.43 points or -0.28%; the Russell 1000 at 1,804.23 for a loss of 4.93 points or -0.27%; Wilshire 5000 at 33,348.82 for a loss of 94.67 points or -0.28%; and the Dow Jones U.S. Select Dividend Index at 750.13 for a loss of -1.46 points or 0.19%.
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This article first appeared on GuruFocus.