US close: Stocks end session in the red following non farm payrolls miss

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Sharecast News | 09 Jan, 2022

Updated : 07:18

Major indices were all in the red at the end of trading on Friday after December's all-important non farm payrolls figures came in well and truly short of expectations.

At the close, the Dow Jones Industrial Average was down 0.01% at 36,231.66, while the S&P 500 was 0.41% softer at 4,677.03 and the Nasdaq Composite saw out the session 0.96% weaker at 14,935.90.

The Dow closed 4.81 points lower on Friday after recording heavy losses in the previous session as fears over tighter monetary policy remained in focus and investors digested a number of key data points.

Friday's primary focus was December's non farm payrolls and unemployment rate reports, with the data revealing that the US added 199,000 new jobs in December, according to the Bureau of Labor Statistics, well and truly short of the 400,000 expected by analysts.

However, November's non farm payrolls figure was revised up to show that 249,000 jobs were created, up from 210,000, while October's print was also lifted to 648,000 from 546,000. The US unemployment rate also dropped to 3.9%, down from 4.2% in November as employment continued to trend up in leisure and hospitality, professional and business services, manufacturing, construction and transportation and warehousing.

In the corporate space, GameStop shares closed higher after news broke that the company planned to venture into the crypto universe with investments in a marketplace for nonfungible tokens and digital currency partnership, while Starbucks shares lost ground after analysts at both RBC Capital Markets and Oppenheimer downgraded the coffee maker.

No major earnings were released on Friday.

Dow Jones - Risers

Walgreens Boots Alliance, Inc. (WBA) $53.84 2.67%
Travelers Company Inc. (TRV) $166.29 2.41%
Boeing Co. (BA) $215.50 1.97%
Merck & Co. Inc. (MRK) $80.30 1.86%
Dow Chemical Co. (DOW) $59.10 1.48%
Chevron Corp. (CVX) $125.03 1.44%
Johnson & Johnson (JNJ) $173.93 1.35%
3M Co. (MMM) $179.91 1.10%
Caterpillar Inc. (CAT) $224.19 0.99%
JP Morgan Chase & Co. (JPM) $167.16 0.99%

Dow Jones - Fallers

Home Depot Inc. (HD) $393.61 -2.99%
Nike Inc. (NKE) $156.97 -2.53%
Unitedhealth Group Inc. (UNH) $458.52 -2.35%
Visa Inc. (V) $216.96 -1.27%
Intel Corp. (INTC) $53.44 -1.06%
McDonald's Corp. (MCD) $267.06 -0.98%
International Business Machines Corporation (CDI) (IBM) $134.83 -0.38%
Salesforce.Com Inc. (CRM) $228.31 -0.37%
Coca-Cola Co. (KO) $60.33 -0.23%
Procter & Gamble Co. (PG) $162.69 -0.06%

S&P 500 - Risers

Discovery Inc. Class A (DISCA) $30.06 16.87%
Discovery Inc. Class C (DISCK) $29.34 16.80%
CenturyLink Inc. (LUMN) $13.77 5.68%
Coterra Energy Inc. (CTRA) $21.55 5.33%
Dish Network Corp. (DISH) $34.38 4.31%
Norwegian Cruise Line Holdings Ltd (NCLH) $22.20 4.03%
Royal Caribbean Cr (RCL) $81.00 3.98%
Carnival Corp. (CCL) $21.90 3.94%
American Airlines Group (AAL) $19.28 3.82%
Progressive Corp. (PGR) $109.25 3.73%

S&P 500 - Fallers

D. R. Horton Inc. (DHI) $95.14 -6.17%
Xilinx Inc. (XLNX) $193.07 -5.38%
Abiomed Inc. (ABMD) $319.11 -5.10%
Tapestry Inc. (TPR) $39.34 -5.09%
PulteGroup Inc. (PHM) $52.27 -5.00%
Lennar Corp. Class A (LEN) $102.88 -4.74%
Under Armour Inc. Class A (UAA) $19.84 -4.70%
Lam Research Corp. (LRCX) $669.29 -4.65%
Idexx Laboratories Inc. (IDXX) $550.30 -4.52%
Equifax Inc. (EFX) $267.51 -4.43%

Nasdaq 100 - Risers

Dish Network Corp. (DISH) $34.38 4.31%
Check Point Software Technologies Ltd. (CHKP) $119.50 3.87%
American Airlines Group (AAL) $19.28 3.82%
Walgreens Boots Alliance, Inc. (WBA) $53.84 2.67%
NetEase Inc. Ads (NTES) $99.71 2.56%
JD.com, Inc. (JD) $68.24 2.19%
Vodafone Group Plc ADS (VOD) $15.84 1.80%
Baidu Inc. (BIDU) $153.33 1.71%
Western Digital Corp. (WDC) $65.83 1.68%
Electronic Arts Inc. (EA) $131.78 1.61%

Nasdaq 100 - Fallers

Mercadolibre Inc. (MELI) $1,085.36 -6.17%
Xilinx Inc. (XLNX) $193.07 -5.38%
T-Mobile Us, Inc. (TMUS) $109.74 -5.04%
Lam Research Corp. (LRCX) $669.29 -4.65%
Idexx Laboratories Inc. (IDXX) $550.30 -4.52%
Synopsys Inc. (SNPS) $330.36 -4.24%
Cadence Design Systems Inc. (CDNS) $166.02 -4.10%
Ross Stores Inc. (ROST) $104.99 -4.07%
Microchip Technology Inc. (MCHP) $81.93 -3.95%
Texas Instruments Inc (TXN) $179.44 -3.92%

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