The U.S. unemployment rate came in unchanged at 8.2%, and although nonfarm payrolls were stronger than last month, they came in 10K less than analysts’ expectations of 90K.
Gold futures slid $22.00 to $1587.40 and WTI crude futures fell $2.77 to $84.45.
Financial stocks had a steady fall across the sector after the weak jobs number. Bank of America (BAC) lost 1.42% and J.P. Morgan Chase lost 1.25%.
Alcoa Inc. fell 3.14% before their 2012 Q2 earnings release coming this Monday the 9th.
Among today’s biggest gainers, LaCrosse Footwear Inc. (BOOT) rallied 80.97% after Tokyo-based ABC Mart Inc. agreed to buy them out for $20 a share.
Informatica Corp. (INFA) fell 30.09% after lowering the business software developer’s guidance.
EUR/USD futures fell below $1.23 and were trading at $1.2283, down 118 pipps on the day.
David Cornes holds a degree in economics from the University of Montana.