US mkts end with marginal gains; Dow up 10 points

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US markets closed with marginal gains. The Dow Jones Industrial Average gained 10.05 points, or 0.1%, to 10012.23. The Nasdaq Composite Index was up 15.69 points, or 0.74%, to 2141.12. The Standard & Poor's 500 Index was up 3.08 points, or 0.29%, to 1066.19.

US jobs data, which showed US employers unexpectedly cut 20,000 in January, but the unemployment rate surprisingly fell to a five-month low of 9.7%.

Crude Oil was down $1.25 per barrel to $71.89 per barrel

The euro fell to its lowest level against the U.S. dollar since May over growing investor concern that European nations, including Portugal, Spain and Greece will struggle to control their budget deficits. The cost of insuring the debt of some euro zone countries against default hit record highs because of their fiscal deficits. 

The dollar was bolstered against both the euro and yen after a report on U.S. payrolls showed American employers cut more jobs in January even as the unemployment rate fell. 

The dollar's strength hammered commodity prices, which had fallen sharply on Thursday. Gold and copper slid to three-month lows.

Indian ADRs ended lower on Friday. In Banking space, HDFC Bank was down 3.77% at $111.43. ICICI Bank was down 3.54% at $33.54.

In IT space, Patni Computers was down 1.66% at $18.99, Wipro was down 1.11% at $19.56, Satyam Computers was down 1.01% at $4.89 while Infosys closed up 0.47% at $50.93.

In Telecom space, Tata Communication was down 0.76% at $13.01.

In other sectors, Tata Motors was down 0.90% at $14.28. However, Sterlite Industries was up 1.22% at $15.80 and Dr Reddy's Labs was up 0.25% at $24.18.

 

with iputs from agencies