Friday's afternoon trade: Wall Street remains down

06 Feb, 2010

US stocks fell on Friday, failing to recover from the previous day's brutal selloff, after US jobs data pointed to a slow recovery and investors worried about the health of the eurozone's weakest economies. "Continued worries about the credit situations in Europe, the dollar's strength, the disappointing jobs numbers ... are all building up to a crescendo heading into the weekend," said Tom Schrader, managing director, US equity trading at Stifel Nicolaus Capital Markets in Baltimore.
The Dow Jones industrial average was down 138.15 points, or 1.38 percent, at 9,864.03. The Standard & Poor's 500 Index fell 16.64 points, or 1.57 percent, at 1,046.47. The Nasdaq Composite Index dropped 23.53 points, or 1.11 percent, at 2,101.90. The biggest losers included industrial shares, with Boeing Co down 3 percent at $57.51 and General Electric Co off 4.6 percent at $15.30.

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