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2/5/2016, 10:23 PM (Source: TeleTrader)
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U.S. market close sharply lower

Stocks in the United States stumbled after opening a bit lower on Friday, with the main thorn in the investors' side being the jobs growth slowing in January. Technology and biotechnology stocks were hit the most, ending another week of volatile oil prices and mixed earnings reports.

The Dow Jones Industrial Average closed 1.29% lower at 16,161, with McDonald’s losing 4.47% after weird news of kale salad having more calories than a double Big Mac. Home Depot shares were down 4.14% despite the latter announcing hiring the work force of 80,000 people for its spring shopping season. Merck's rise of 1.42% was one of the few during the day.

The S&P 500 index slipped 2.02%. Hanesbrands shares slammed down 15.04% after apparel seller reported poor quarterly results. Salesforce.com shares lived up to the irony of the company's name, as its shares sold off and plunged 13.32%. Software companies such as Adobe, Tableau Software also suffered losses, and were joined by News Corporation, which lost 8.29% after reporting lower fourth quarter revenues. Tyson Foods won the day surging 9.70%.

The Nasdaq 100 closed 3.44% lower at 4,024, as the technology sector pulled the entire index down. Adobe lost 8.29%, and T-Mobile US sank 7.86%. Netflix, Tesla Motors, NXP Semiconductors all lost over 7%. Symantec software company was among few winners, adding 3.02%, and Comcast enjoyed a rise of 2.06%.

The wider-range Nasdaq Composite index closed 3.25% down at 4,363.

The U.S. dollar weakened 0.11% against the Swiss franc, and 0.18% was stronger against the Japanese yen, up 0.47% versus the euro, and 0.58% against the U.K. sterling at 10:19 p.m. CET.

Light sweet crude WTI traded 2.32% lower at $31.00 a barrel, while the international benchmark Brent lost 0.99% to trade $34.12 a barrel, both at 10:21 p.m. CET. The Organization of the Petroleum Exporting Countries reported the OPEC basket price of $29.90 a barrel for February 4, up from $28.63 a barrel a day before.

Image: Beta/AP

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