Stocks slip after job creation falls short

US economy adds 199K in December

The Labor Department releases the December 2021 jobs report. FOX Business’ Cheryl Casone with more.

U.S. stocks fell after employers added fewer workers than expected last month. 

The Dow Jones Industrial Average fell over 40 points or 0.11%, while the S&P 500 and Nasdaq Composite dipped 0.08% and 0.2%, respectively. 

TickerSecurityLastChangeChange %
I:DJIDOW JONES AVERAGES36212.63-23.84-0.07%
SP500S&P 5004689.61-6.44-0.14%
I:COMPNASDAQ COMPOSITE INDEX15036.546896-44.32-0.29%

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Nonfarm payroll employment rose by 199,000 in December less than the 400,000 economists were expecting even as the unemployment rate dipped to 3.9%. "Leisure and hospitality, in professional and business services, in manufacturing, in construction, and in transportation and warehousing" added workers according to the Labor Department. 

Bonds continued to climb. The yield on the 10-year Treasury rose to 1.73%, the highest level since March. 

FED, OPEC'S PUNY PRODUCTION MOVES PUSHES OIL TO $80

Oil briefly topped the $80 per barrel level putting oil producers on the radar. 

TickerSecurityLastChangeChange %
USOUNITED STATES OIL FUND L.P.56.86-0.03-0.05%
BNOUNITED STS BRENT OIL FD LP UNIT22.00+0.02+0.09%
XOMEXXON MOBIL CORP.68.56+0.24+0.35%
CVXCHEVRON CORP.124.59+1.33+1.08%

JOBLESS CLAIMS TICK UP TO 207,000 BUT REMAIN NEAR HALF-CENTURY LOW

In stocks, shares of GameStop Corp jumped after a Wall Street Journal report said the retailer is launching a division to develop a marketplace for nonfungible tokens (NFTs) and establish cryptocurrency partnerships.

GAMESTOP SHARES SURGE ON PLANS TO ENTER NFT AND CRYPTOCURRENCY MARKETS

TickerSecurityLastChangeChange %
GMEGAMESTOP CORP.144.88+13.85+10.57%

Big tech signaled a recovery from several days of selling with Apple, Amazon and Microsoft higher. 

TickerSecurityLastChangeChange %
AAPLAPPLE INC.172.26+0.27+0.15%
AMZNAMAZON.COM INC.3,267.45+2.37+0.07%
MSFTMICROSOFT CORP.312.97-0.91-0.29%

Separately, Apple CEO Tim Cook may nearly $100 million in compensation last year, per SEC filings. 

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Ford continued to climb after, earlier this week, it announced it would double the production of its F-150 Lightning. 

TickerSecurityLastChangeChange %
FFORD MOTOR CO.24.36-0.09-0.38%

 Bitcoin continued its free fall now trading around the $41,000 level, a five-month low. 

The move hitting crypto-related exchange-traded funds and stocks.  

TickerSecurityLastChangeChange %
BITOPROSHARES TRUST BITCOIN STRATEGY ETF26.19-1.09-4.00%
BITQEXCHANGE TRADED CONCEPTS TRUST BITWISE CRYPTO INNOVATORS E18.96-0.18-0.95%
COINCOINBASE GLOBAL INC.231.85-2.15-0.92%
MSTRMICROSTRATEGY INC.484.27-14.35-2.88%

In Europe, London's FTSE was gaining less than 0.1%, Germany's DAX fell 0.3% and France's CAC declined 0.1%.

In Asia, Tokyo's Nikkei 225 index edged less than 0.1% lower, the Hang Seng in Hong Kong jumped 1.8% and China's Shanghai Composite index shed early gains to fall 0.2%.

A resurgence of coronavirus outbreaks has added to uncertainties over a revival of tourism and other business activity across Asia.

FOX Business' Ken Martin and The Associated Press contributed to this report.

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