U.S. stocks fall amid jobs data, trade tensions

U.S. stocks fall amid jobs data, trade tensions

NEW YORK (Rahnuma): U.S. stocks closed lower on Friday as investors digested a slew of economic data amid global trade tensions.

The Dow Jones Industrial Average decreased 79.33 points, or 0.31 percent, to 25,916.54. The S&P 500 was down 6.37 points, or 0.22 percent, to 2,871.68. The Nasdaq Composite Index dipped 20.18 points, or 0.25 percent, to 7,902.54.

The Dow declined with Travelers Companies and United Technologies among the worst performers. Shares of both companies dropped more than 1 percent at the close. Ten of the 11 primary S&P 500 sectors traded lower with real estate and utilities leading the laggards. The Nasdaq posted its fourth straight loss.

Fears of intensifying global trade disputes continued to dent market sentiment, experts noted.

Wall Street also paid close attention to the latest jobs data.

The U.S. economy added 201,000 jobs in August, and the unemployment rate was unchanged at 3.9 percent, the Labor Department said on Friday.

Meanwhile, the average wage paid to U.S. workers rose by 10 cents to 27.16 U.S. dollars per hour. The yearly rate of earnings growth climbed to 2.9 percent in August from the July reading of 2.7 percent, the report showed.

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