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IPFS News Link • Stock Market

Dow falls amid lackluster jobs data after briefly topping 29,000 for the first time

•, Fred Imbert

The Dow Jones Industrial Average closed 133.13 points lower, or 0.5% at 28,823.77. Earlier in the session, the 30-stock average broke above 29,000 for the first time ever. The S&P 500 lost 0.3% to end the day at 3,265.35. The Nasdaq Composite also dipped 0.3% to 9,178.86.

Boeing shares dropped 1.9% on Friday to lead the Dow lower. The financials and industrials sectors dropped at least 0.7% each to drag down the S&P 500. 

The major averages still posted solid weekly gains despite Friday's muted performance. The S&P 500 and Nasdaq were up 0.9% and 1.8%, respectively, for the week. The Dow was up 0.7% week to date.

The U.S. economy added 145,000 jobs in December. Economists polled by Dow Jones expect the U.S. economy to have added 160,000 jobs in December.