Power Breakfast: Wall St Falls As Jobs Data Fans Higher Rate Fears, Unemployment Fell From 3.6% To 3.4%

Profit booking was seen in the US markets on Friday. The Dow slipped 125 points. Whereas the NASDAQ fell 1.6%. Bond yield jumped to cross 3.5%. The impact on the sentiment was seen from the excellent jobs report of January. January 5.7 lakh new jobs were added, the estimate was 1.87 lakh. The unemployment rate fell from 3.6% to 3.4%.