Wall Street cools slightly on jobs report and Dow closes with 260-point bleed
Wall Street cools slightly on jobs report and Dow closes with 260-point bleed
07 Mar
07Mar
Shares on Wall Street closed Friday, after recovering some of their losses during the week, hours before the trading session was closed.
Where the P & P 500 Index scored 1.71% - the Nasdaq Composite Index fell 1.87% - the Dow Jones Industrial Average 0.98%, or 256 points.
As stocks fell, bonds rose
Energy stocks also fell due to a drop in oil, down 10%, after Russia and OPEC failed to agree to reduce production to 1.5 million barrels per day.
Russia revealed at the meeting in Vienna that it does not wish to reduce production despite the failure of markets and access to unprecedented numbers and failure to specify future directions and fog vision for what will happen in the coming weeks.
By analyzing the situation in the bond and federal funds market, we discover that the market is working to reduce interest rates, and this is what drove the rise at the end of the session.