US STOCKS-Wall St drops after two-day advance; jobs data mixed

viernes 9 de enero de 2015 16:15 GYT
 

* U.S. payrolls increase but wages fall

* Crude prices fall to April 2009 lows

* Bed, Bath & Beyond stumbles after results, outlook

* Indexes off: Dow 0.8 pct, S&P 0.7 pct, Nasdaq 0.4 pct (Updates to late afternoon)

By Caroline Valetkevitch

NEW YORK, Jan 9 (Reuters) - U.S. stocks declined in late Friday afternoon trading following a two-day rally as December's jobs reports gave a mixed view of the economy and as energy stocks fell alongside another drop in crude oil prices.

All three major indexes were on track to end the week lower.

U.S. nonfarm payrolls rose in December, topping Wall Street expectations, while November's surprising gain was also revised higher. However, wages declined.

"I don't necessarily think the wage decline is such a big deal but what it does tell you is that there is certainly no upward pressure on wages and so therefore it just signals slack in the labor market," said Ken Polcari, director of the NYSE floor division at O'Neil Securities in New York.   Continuación...