U.S. Stocks, Dollar Fall After Jobs Report - News Summed Up

U.S. Stocks, Dollar Fall After Jobs Report


The WSJ Dollar Index, which measures the dollar against a basket of 16 currencies, declined 1.3%. U.S. stocks, Treasury yields and the dollar fell Friday after a weak May jobs report cast doubt on the possibility of an interest-rate increase in the next few months. The WSJ Dollar Index rose nearly 3.5% last month on indications a rate increase could be coming soon. Shares of Citigroup dropped 5%, Bank of America shares lost 4.9% and Goldman Sachs Group shares fell 2.8%. The dollar fell 1.5% against Japan’s yen to ¥107.19.


Source: Wall Street Journal June 03, 2016 07:51 UTC



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