The U.S. stock markets open on a negative note on Friday. The Dow Jones moves in the first trade down 1.5% at 10,099 points, the Nasdaq 1.8% at 2261 points and the S & P by 0.7% to 1084 points /
On Thursday, after a meeting very nervous, Wall Street has ended on a modest increase. But this Friday, the employment numbers are better but still worse than expected. The U.S. economy created 431,000 jobs more than it destroyed in May, said the monthly report on employment in the department.This is the positive balance of new posts the highest recorded since March 2000 and this figure represents an increase of jobs added to the economy of nearly 50% from the previous month.
Analysts had expected a figure much better, however, since they felt that half a million net new jobs were created in May, according to their median forecast.
Yesterday, the firm always announces that EPA's own figures with a time ahead of the official statistics said that the private sector fielded in May its fourth consecutive month of net job creation (55 000).And for most observers the Labor Department figures should be much higher because they include the public sector has likely hired hundreds of thousands of people to the decennial census.
Euro Floor
On the foreign exchange market, the euro fell below $ 1.21 for the first time since mid-April 2006, renewed concerns about the recovery in the eurozone, and a market anxiety before publication of the monthly U.S. employment.
Pfizer and Dell in the crosshairs
On the side of values, Pfizer Pharmaceutical Group (-1.92% to 14.94 U.S. dollars) has recalled about 400,000 units of intravenous drugs made by Indian generic group Claris and distributes it to the U.S. following a reminder from the FDA, the American drug agency.
Always on the side of values, the rating agency Standard and Poor's estimated at three years the time required for refinancing mortgage agencies Fannie Mae American (1%) and Freddie Mac to lock the bad loans they own or guarantee. For S & P, the problems are concentrated on housing loans contracted in 2006 and 2007, at a time when interest rates and purchase prices were much higher than today.
Also note, the president and founder of Dell (-2.8% to 13.4 dollars), Michael Dell, has revealed he planned to withdraw from the Stock Exchange the company he founded.