News Column

Wall Street Closing

February 7, 2014

! Washington, Rabi'II 6, 1435, Feb 6, 2014, SPA -- U.S. stocks closed slightly lower Wednesday, as investors were unwilling to make any big moves.

In U.S. economic news, payroll processor ADP said that 175,000 jobs were added in January. That was in line with expectations but was the slowest level of growth since August. The government will release its latest figures about job growth and the unemployment rate Friday.

The dollar lost ground against the euro and the pound, but gained ground versus the yen. Light sweet crude oil for March delivery added 19 cents to $97.38 a barrel on the New York Mercantile Exchange. Gold futures moved up $5.70 to $1,256.90 an ounce.

The Dow Jones industrial average fell 5.01, or 0.03 percent, to 15,440.23. The broader Standard & Poor's 500 index lost 3.56, or 0.20 percent, to 1,751.64. The technology-heavy Nasdaq composite index dropped 19.97, or 0.50 percent, to 4,011.55.

--SPA 11:15 LOCAL TIME 08:15 GMT

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Source: Saudi Press Agency (Saudi Arabia)

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