Job news fails to ignite stocks NEW YORK, Jan. 6 (UPI) -- Stocks headed lower on Wall Street despite a drop in the unemployment rate to 8.5 percent in December, the lowest rate since February 2009. The Labor Department said 200,000 jobs were added with the private sector adding 212,000 and the public sector losing 12,000. Concerns over Europe's debt crisis, however, continue to weigh on stocks. In midmorning trading on Wall Street, the Dow Jones industrial average lost 40.87 points, 0.33 percent, to 12,374.83. The Standard & Poor's 500 index lost 3.11 points, 0.24 percent, to 1,277.95. The Nasdaq composite index lost 0.92 points, 0.03 percent, to 2,668.94. The benchmark 10-year treasury note rose 12/32 to yield 1.956 percent. The euro fell to $1.2715 from Thursday's $1.279. Against the yen, the dollar fell to 77.10 yen from Thursday's 77.12 yen. In Tokyo, the Nikkei 225 index lost 1.16 percent, 98.36, to 8,390.35.