Wall Street retreats from Thursday’s record closes after Labor Department reports 33,000 lost jobs


Posted on: October 6th, 2017 by ABC News No Comments

JaysonPhotography/iStock/Thinkstock(NEW YORK) — One day after all three major U.S. indices closed at record highs, stocks dipped slightly on Friday following Labor Department reporting a lost of 30,000 jobs in September.

The Dow Jones Industrial Average dipped 1.72 to a close of 22,773.67.

The Nasdaq climbed a scant 4.82, ending the session at 6,590.18, while the S&P 500 dropped 2.74, closing the day at 2,549.33.

The devastation caused by hurricanes Irma and Harvey were blamed in part for the loss of jobs, though experts had still expected tens of thousands of jobs to be added overall.

Pharmacy stocks dipped Friday, after reports indicated that Amazon will eventually enter that market.

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