Investing.com - Wall Street equities were mixed on Friday. The monthly American jobs report showed strong signs of ongoing growth in hiring, with nearly 200,000 new jobs created during November, as the unemployment rate fell to its lowest level in nearly a decade. The DJIA closed at 19170.42 today, down 21.51, or 11%.
The Dow Jones Industrial Average declined on intraday trading by 20 points or 0.1%, to 19170. TheS&P 500 gained 0.2% and the NASDAQ Composite was down 0.1%. The 10-year Treasury yields fell.
Equities of real-estate companies and energy companies headed gains in the S&P 500, both increasing over 1%. These stocks are sometimes considered proxies for bonds, due to their frequent dividends.
Tepid wage growth, as seen in the jobs report, contrasted with recent indicators of an increase in inflation signs.
Today's jobs report was the final economic indicator to be issued before the Federal Reserve’s December meeting. The central bank is expected by analysts to raise interest rates. Some market watchers believe the jobs report contained enough signs of labor market strength to keep the Fed on its rate-raising path into next year, a sentiment that left stock markets calm throughout the morning.
The Dow Jones Industrial Average has been up for two days in which the Nasdaq has declined by 1% -- a phenomenon that has not been seen in 16 years on Wall Street.