USA stocks down after hitting record highs

USA stocks down after hitting record highs

USA equities largely brushed off government data that showed U.S.jobs rose by 145,000 in December, compared to expectations of a 164,000 increase, Reuters reports.

The continued job creation in 2019 - on the heels of payroll gains every year since 2010 - would help bolster the Federal Reserve's view that monetary policy doesn't need to be eased further as the US economy is continuing to grow.

That put the focus back on the economy and corporate earnings.

Stocks retreated from record highs to close Friday's session pretty much at the lows of the day.

"This report is not enough to move the market one way or the other". Many will also give forecasts for 2020.

Investors took profits, while data showed slower-than-expected United States jobs growth for December.

The S&P 500 is up 34.57 points, or 1.1%.

Across markets, worries about a recession have faded since previous year as central banks cut interest rates and pumped stimulus into the global economy. Kohl's fell 6.5%, the largest loss in the S&P 500, after it reported weaker sales during the 2019 holiday season than in the same period in 2018. This represents a $10.39 annualized dividend and a dividend yield of 3.59%. "But nothing could be further from the truth; we can't stress enough that three straight months of substantial overshoots against the surveys means that the surveys are wrong; labour demand remains strong enough to continue pushing down the unemployment rate".

SPDR Dow Jones Global Real Estate ETF (the Fund), formerly SPDR DJ Wilshire Global Real Estate ETF, seeks to replicate as closely as possible the price and yield performance of the Dow Jones Global Select Real Estate Securities Index (the Index), an index based upon the global real estate market.

JPMorgan Chase fell 1 percent, and Bank of America slipped 0.8 percent. It also said it expects to report a drop in revenue for the latest quarter. The Index is a float-adjusted market capitalization index created to measure the performance of publicly traded real estate securities in developed and emerging countries. France's CAC 40 and the FTSE 100 in London both dipped 0.1 percent.

In other commodities trading, benchmark US crude slipped 5 cents to settle at $59.56 a barrel.

The U.S. economy added 145,000 jobs in December.

Wholesale gasoline rose 1 cent to $1.66 per gallon. Heating oil fell 1 cent to $1.95 a gallon. The euro rose to $1.1122 from $1.1106.

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