Fears of intensifying trade tensions between Washington and its key trading partners lingered over the week, weighing on the market.
Negotiators from the United States and Canada on Wednesday resumed trade talks after the two sides failed to reach a deal on the North American Free Trade Agreement (NAFTA) last week. It remains unclear whether the two countries can work out their differences through the extended talks.
Talks on renegotiating the NAFTA began in August 2017 as U.S. President Donald Trump threatened to withdraw from the trilateral trade deal, which he claimed harmed U.S. industries and jobs.
Wall Street also digested a slew of economic data.
The U.S. economy added 201,000 jobs in August, and the unemployment rate was unchanged at 3.9 percent, the Labor Department said on Friday.
Meanwhile, the average wage paid to U.S. workers rose by 10 cents to 27.16 U.S. dollars per hour. The yearly rate of earnings growth climbed to 2.9 percent in August from the July reading of 2.7 percent, the report showed.
The number of U.S. weekly jobless claims was 203,000 in the week ending Sept. 1, a decrease of 10,000 from the previous week's unrevised level, the Labor Department said on Thursday. The 4-week moving average was 209,500, a decrease of 2,750 from the previous week's unrevised average of 212,250.
U.S. private sector employment increased by 163,000 jobs from July to August, ADP August National Employment Report showed.
【国际英语资讯:U.S. stocks post weekly loss amid tech sell-off, trade fears】相关文章:
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