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Wall Street Stocks Close Lower After Mixed Jobs Report

Wall Street closed lower after reports that the US unemployment rate fell to 5.1% last month, the lowest since April 2008.

The latest Labor Department figures also showed the US added 173,000 jobs in August. The figure was below expectations, but the totals for June and July were revised up.Wall Street after jobs report

The Dow Jones fell 272.38 points, or 1.66%, to 16,102.38, while the S&P 500 dropped 29.91 points to 1,921.22.

The NASDAQ was down 49.58 points at 4,683.92.

The latest jobs report is the last before the Federal Reserve meets later this month to decide whether to increase interest rates.

Clyde K. Valle
Clyde K. Valle
Clyde is a business graduate interested in writing about latest news in politics and business. He enjoys writing and is about to publish his first book. He’s a pet lover and likes to spend time with family. When the time allows he likes to go fishing waiting for the muse to come.

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