US jobs data stabilizes Wall Street

Frankfort, New York The mood on Wall Street remains shaky given the gas crisis, inflation shock and recession worries. After initial price gains as a result of robust US labor market data, the indices turned negative on Friday. The Dow Jones of standard values ​​closed 1.1 percent lower at 31,318 points. The tech-heavy Nasdaq fell 1.3 percent to 11,630 points. The broad S&P 500 lost 1.1 percent to 3924 points.

Prices were initially supported by hopes of less aggressive rate hikes by the US Federal Reserve. In Europe, the Dax closed more than three percent higher. In August, 315,000 new jobs were created, slightly more than expected. However, as expected, growth weakened noticeably compared to the previous month. The unemployment rate rose to 3.7 from 3.5 percent previously, while wages did not increase as much as feared.