NEW YORK (dpa-AFX) – The eagerly anticipated job data from the United States did not give Wall Street any directional impulses on Friday. “This labor market report will give central bankers a headache,” commented portfolio manager Thomas Altmann from asset manager QC Partners. “An unemployment rate at an annual low and newly created jobs also at an annual low do not really fit together.” According to him, the traffic light for the start of tapering, in other words to reduce expansionary monetary policy measures, remains “on yellow”.
Der Dow Jones Industrial oscillated between small gains and losses and ultimately closed with minus 0.03 percent to 34,746.25 points. Over the course of the week, the most famous Wall Street index gained 1.2 percent. The market-wide S&P 500 
fell on Friday by 0.19 percent to 4391.34 points. The tech-heavy Nasdaq 100 lost 0.51 percent to 14,820.75 points.
In view of the inconsistent signals sent by the US labor market report, Altmann thinks it is quite possible that the US Federal Reserve (Fed) will postpone its tapering announcement to December. Helaba economist Ulrich Wortberg and his colleague Dirk Chlench from LBBW see no reason for this. Apart from the unemployment rate, Wortberg mainly points to the continued rise in hourly wages, which could increase inflation worries.
In September, only 194,000 new jobs had been created outside of agriculture in the United States, compared with half a billion by experts. At the same time, however, the unemployment rate fell to 4.8 percent and thus far more clearly than expected and stronger than expected, the wage development was also.
Among the individual values, there were only a few companies that came into focus. In the Dow, the shares of Home Depot were among the biggest losers with minus 0.9 percent. They suffered from a canceled buy recommendation by Loop Capital. The analysts warn of “considerable risks” for the hardware store chain from supply chain problems and downgraded the paper to “hold”.
Chevron, meanwhile, was the top value in the Wall Street Index Dow with plus 2.2 percent and in the S&P 100 ConocoPhillips gained 4.8 percent at the top of the index. ExxonMobil gained 2.5 percent. The three oil stocks are again benefiting from rising oil prices. For the first time since November 2014, the price of a barrel of the US WTI variety rose above $ 80. The main driver of the price rally remains the tight supply situation.
Against the backdrop of the reporting season starting next week in the US, bank stocks are gradually attracting the attention of investors, all of which have rallied. The major bank JPMorgan kicks off its third quarter report on Wednesday, followed on Thursday by Bank of America, Citigroup, Morgan Stanley Wells Fargo and US Bancorp.
The Euro was priced at $ 1.1573 at close of trading on Wall Street. The European Central Bank set the reference rate at 1.1569 (Thursday: 1.1562) dollars. The dollar cost 0.8644 (0.8649) euros. In the US bond market, the futures contract for ten-year treasuries (T-Note-Future) by 0.20 percent to 131.12 points. Ten-year government bonds returned to a four-month high of 1.61 percent./ck/he
— By Claudia Müller, dpa-AFX —
– .
