The major U.S. and EU indices were both hit hard as the US payrolls increased at the slowest pace in a year, adding the unexpected increase in unemployment, the U.S data showed that the slowdown might be global.While the U.S economy so far had seemed unaffected by the European and Chinese situation, today’s trading showed an increase in demand towards the safe havens.
The U.S. job report added negative sentiment driving U.S. equities to losses. Facebook Inc. (FB) slipped 5.6% to $27.95, erasing yesterday’s 5% rally. Zynga (ZNGA) declined 9.5% for the week to $6. Apple (AAPL), the largest weighted stock on the tech heavy index, fell 2.44 % to $563.65.
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