Dow sheds 100 points as US jobs data disappoints

The Dow Jones Industrial Average shed over 100 points shortly after the opening bell as US non-farm payroll data came in below analysts' expectations.

Non-farm payrolls rose by 80,000 in June, undershooting consensus estimates of 90,000, signalling further weakness in the US economy. The Labor Department's monthly employment report also stated unemployment remains unchanged at 8.2%. The Dow fell into the red on the opening bell, declining 0.95% or 122 points to 12,773 at 2.50pm. Meanwhile, the S&P 500 slipped 1% to 1,354. In London the FTSE 100 also fell following the announcement, giving up 0.42% or 24 points to 5,667. Barclays shares extended losses seen since the LIBOR scandal, falling 3% to 163p in afternoon trading on ...