6 Oct 2012

US markets down despite jobs report

11:28 am on 6 October 2012

Stocks in the United States fell in late trade on Friday, after early gains due to a strong jobs report for September and later data showing a pickup in consumer credit-based spending.

Early on Friday the Dow and the SP indices reached five-year highs before giving up their gains in the last hour of trade.

AAP reports the Dow Jones Industrial Average closed up 34.79 points (0.26%) at 13,610.15. The SP 500 slipped 0.48 (0.03%) at 1,460.92 and the Nasdaq Composite lost 13.27 (0.42%) to 3,136.19.

In Australia on Friday, the ASX 200 index gained 42 points to 4,494.

The FTSE100 in London was up 0.74%; the DAX in Frankfurt was up 1.27% and the CAC-40 in Paris was up 1.64%.

The Australian 200 Index on Friday closed up 42 points at 4,494. The NZX50 index was up 23 points to close at 39 05 on turnover of $95 million.

The ABC reports spot gold prices were up for a fifth session to $US1791 per ounce.