US blue chip stocks edged lower on Friday after data showing moderate job creation in January suggested that the Federal Reserve will not cut interest rates yet, while the Nasdaq bobbed up. Positive broker comments about Electronic Arts Inc and other companies lifted the Nasdaq.
While shares of Home Depot Inc weighed on the Dow after the company announced further executive staff changes. Earlier, a government report showed the US economy created 111,000 jobs last month, below forecasts for a 149,000 rise and below December's upwardly revised increase of 206,000. Both the December and November figures were revised up.
The Dow Jones industrial average was down 18.02 points, or 0.14 percent, at 12,655.66. The Standard & Poor's 500 Index was up 2.29 points, or 0.16 percent, at 1,448.23. The Nasdaq Composite Index was up 6.88 points, or 0.28 percent, at 2,475.26.
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