US stocks open higher on strong jobs data

2020-07-02 14:42:28 GMT (Economies.com)
US stocks open higher on strong jobs data

US stock indices opened higher Thursday, after a strong jobs report and President Donald Trump's remarks.

 

The US Department of Labor revealed today that the economy has added 4.8 million new jobs in June, beating forecasts of 3 million jobs.

 

The unemployment rate fell to 11.1% in June, vs. 13.3% in May.

 

While the unemployment claims reached 1.420 million during the past week vs. forecasts of 1.350 million.

 

President Donald Trump said following the report "Great Jobs Numbers," adding that it reflects a strong return by the world's largest economy.

 

As for stocks, Dow Jones rose 1.7% or 430 points to 26,166 as of 14:09 GMT, Nasdaq climbed 1.4% or 150 points to 10,301, and S&P 500 added 1.5% or 45 points to 3,161.

 
 
 
  Symbol Last Change Chg.%
1.1646
-0.0174
1.4738%
1.2952
-0.0075
0.5753%
Tadawul
7907.72
-127.45
1.59%
23.594
-0.721
2.965%
35.610
-3.291
8.460%
37.41
-0.21
0.56%
1880.045
-23.905
1.256%
 
 
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