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American equity markets plunge after soft US payrolls

FXstreet.com (Barcelona) - The US stock market moved definitely lower Friday after lackluster US data. In the United States, the Nonfarm Payrolls (March) were reported at 88K, against expectations of 200k. Meanwhile, the Unemployment Rate (March) came in at just 7.6%, beating consensus estimates of 7.7%.

Beginning with the indices and composites, the NASDAQ fell -1.54% as it settles in region of 3175.11, down -47.92 points in these moments. In addition, the S&P 500 is trading in negative territory, operating at 1540.15, ascending -19.18 points or -1.24% at the time of writing. Finally, the Dow Jones has edged lower at the opening, trading in the zone of 14555.96, presently -1.05% after a movement of 150.13 points.

Sectors are all lower at the opening, however the Consumer Cyclical and Technology have distinguished themselves as main winners thus far, rising -1.60% and -1.75% respectively. In other news, the price of crude has settled above USD $92.64/bbl Friday.

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