US midday: Non-farm payrolls drag markets down

Date: Friday 06 Jul 2012

On Wall Street it was all about the non-farm payrolls figure, which tells us how many jobs the US economy has added in the past month. The answer was 80,000, less than the 100,000 the market had been expecting.

This disappointing news put downside pressure on equities, leading to a decline on all the major indices by midday.

COMPANIES

Hewlett Packard was the biggest faller on the Dow, down 3.4%, closely followed by Caterpillar which had fallen 3.3% by 12:08

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