Stock exchanges ended Friday falling amid statistics on the U.S. labor market

On the last day of the week, key U.S. stock indices showed a decline, which was facilitated by ambiguous data on employment, reports Business Insider. Nasdaq, which first rose during the trading session to a new maximum value in history, closed with a fall of 1.16%, the losses of S&P 500 and Dow Jones amounted to 0.65% and 0.18%, respectively.

The US employment statistics for February, released on Friday, on the one hand, turned out to be stronger than expected, on the other hand, pointed to signs of cooling of the economy. The number of new jobs amounted to 275 thousand against the expected 200 thousand; at the same time, unemployment jumped to the highest value in 2 years, reaching 3.9%. Wage growth also declined in the period under review. Despite the fact that these results allow us to expect the Fed's move to reduce the key rate, they may indicate that the U.S. economy is slowing down, the portal writes.