U.S. stocks were bearish on Friday despite the U.S. adding 224,000 nonfarm payroll jobs during the past month, which was higher than estimates of 160,000. The unemployment rate reached 3.7%, 10 basis point higher than expectations of 3.6%. The Dow Jones Industrial Average fell 0.16% to 26,922, the S&P 500 Index declined 0.18% to 2,990 and the Nasdaq Composite Index slid 0.10% to 8,161.
Shares of Grifols S.A. (GRFS, Financial) gained more than 1% on Friday after the U.S. Food and Drug Administration approved Xembify, a new 20% subcutaneous immunoglobulin used to treat primary immunodeficiencies, expanding its product portfolio of plasma-derived medicines. The company will launch the product in the last quarter of 2019. Further, it plans to obtain approval in Canada and Europe.
Gainers
- Nordstrom Inc. (JWN, Financial)
- Foot Locker Inc. (FL, Financial)
- Concho Resources Inc. (CXO, Financial)
- Macy's Inc. (M, Financial)
Losers
- Electronic Arts Inc. (EA, Financial)
- Nektar Therapeutics Inc. (NKTR, Financial)
- AbbVie Inc. (ABBV, Financial)
- D.R. Horton Inc. (DHI, Financial)
Global markets
The main European stock markets traded lower. The U.K.'s FTSE 100 dipped 0.66%, France's CAC 40 lost 0.48%, Germany's Dax slid 0.49% and Spain's IBEX 35 fell 0.70%.
In Asia, Japan's Nikkei 225 gained 0.20%, India’s BSE Sensex dropped 0.99%, Hong Kong's Hang Seng retreated 0.07% and China's Shanghai Composite closed 0.19% higher.
Disclosure: The author holds no positions in any stocks mentioned.
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