Interest Concerns put Wall Street on loss

labour 150x60 Interest Concerns put Wall Street on lossFriday the stock markets in New York closed with solid losses. Investors processed unexpectedly positive news about the US labor market. This seem to bring the time of the first interest rate increase in the US in years closer by. Higher interest rates could negatively affect the stock markets.

Dow-Jones, S&P500 and Nasdaq
The Dow-Jones index ended 1.5 percent in the minus at 17856.78 points. The S&P500 fell 1.4 percent to 2071.26 points. The Nasdaq closed at 4927.37 points 1.1 percent below the closing level on Thursday.

Last month showed that significantly more jobs have been created in the US economy than expected. Unemployment rose more quickly than predicted. That progress can help the Federal Reserve (Fed) to raise interest rates. The Fed has repeatedly shown to let the timing of this decision depend on the recovery of the economy.

The prospect of higher interest rates in the US put further pressure on the euro, which fell to $ 1.0850. The European currency was so little worth for the last time in early September 2003. The expensive dollar can put a brake on the export of American companies because their goods are less attractive to foreign markets.

All thirty funds in the Dow Jones were in the red. Chemical company DuPont kept the damage most restricted, with a minus of 0.4 percent. Pharmaceutical company Johnson & Johnson and Procter & Gamble joined the queue with a loss of 2.5 percent.

Apple gained 0.2 percent. The company behind the iPhone and iPad will be added to the Dow Jones on March 18 and then takes the place of telecommunications company AT & T (minus 1.7 percent).

Foot Locker
Foot Locker also withdrew to the negative mood on Wall Street. The sports retail chain was 4.1 percent more valuable thanks to better than expected quarterly results.

The price of a barrel of US oil was down more than 2 percent to $ 49.70. Brent oil was more than 1 percent cheaper and costs $ 59.82 per barrel.