2nd February 2012
Markets in the US have responded poorly to anticipation that the latest jobs data in the country is to be weaker than expected.
So far in trading this afternoon (February 2nd), the S&P 500 has lost 0.2 per cent to stand at 1,318, while the Nasdaq 100 futures market slipped 0.1 per cent to 2,484, the Wall Street Journal reports.
Furthermore, the Dow Jones Industrial Average (DJIA) fell by 13 points (0.1 per cent) to 12,640.
It comes on the back of a fall in investor confidence, with analysts predicting US jobless data will show a decline of 370,000, lower than the 377,000 estimate that had previously been put forward.
Last month, the news provider reported the announcement of weaker-than-expected figures by JP Chase Morgan resulted in a 0.2 per cent fall on the DJIA.
It offset positive data coming out of Europe at the time that the region could be on the verge of finally tackling the debt crisis which has blighted trading over recent months.
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