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Employment figures disappointed - Wall Street closes Red Week

Only 220,000 new jobs were registered in October, compared to expectations of 550,000 - Nasdaq fell 1.9 percent.

In the shadow of Musk options selling, Tesla dived 6.4 percent.

Twitter has completed a decline of close to 20 percent per week

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Saturday, 04 December 2021, 00:19 Updated: 00:31

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It has not been a successful week on Wall Street.

Last Friday, the stock market plummeted following the exposure of an omicron mutation, and later the market behaved nervously and unsteadily.

Yesterday (Friday) there were further sharp declines - this time due to disappointing employment data.

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Not from the successful weeks.

Nasdaq this week (Photo: GettyImages, Spencer Platt)

Nasdaq fell 1.9 percent, while the Dow Jones Industrial Average remained virtually unchanged, falling just 0.17 percent.

The reason for the declines is the published employment data - 210,000 new jobs in October alone, compared to an expectation of about 550,000.

Leading technology stocks fell slightly, by between one percent and two percent.

Tesla, on the other hand, recorded a sharper decline, of 6.4 percent and 12 percent last month.

This, in the shadow of the sale of options worth more than $ 1 billion by Elon Musk.

Twitter, which went through a stormy week following the resignation of CEO Jack Dorsey, shed 1.3 percent and a total of more than 18 percent in the last five trading days.

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