U.S. Afternoon Market Commentary
March 6, 2015
3:30 p.m. CT
U.S. stocks fell sharply today as better-than-forecasted jobs data fueled anticipation that the Federal Reserve is moving closer to raising interest rates. Employers added more jobs than estimated in February and the unemployment rate dropped to 5.5 percent, the lowest in almost seven years. Apple ended with little change today despite news that the company will be added to the Dow Jones Industrial Average, replacing AT&T. U.S. bonds finished lower today. The Dow Jones Industrial Average fell 276 points, or 1.5 percent, for the week.
Looking at the S&P 500,
The best-performing sector was: Financials
While the worst-performing sector was: Utilities
The Dow Jones Industrial Average* was down 278.94 at 17,856.78
The Standard & Poor's 500 Index was down 29.78 at 2,071.26
The NASDAQ Composite Index was down 55.44 at 4,927.37
Volume on the New York Stock Exchange was moderate, with 902.14 million shares traded.
Decliners outnumbered advancers by roughly a 5-to-1 margin.
In commodity markets,
The spot price of gold fell $31.94 to $1,166.40
The spot price of silver fell $0.33 to $15.88
And crude oil prices fell $1.14 to $49.62
In the bond market,
The 30-year Treasury yield closed at 2.84%
And the 10-year Treasury yield finished at 2.24%
* The Dow Jones Indexes are proprietary to and distributed by Dow Jones & Company, Inc. and have been licensed for use. All content of the Dow Jones Indexes © 2012 is proprietary to Dow Jones & Company, Inc.