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US stocks open higher on strong jobs data
2020-07-02 14:42:28 GMT
(Economies.com)
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.% | ||
|---|---|---|---|---|---|
|
|
|
1.1785
|
0.0075
|
0.6435%
|
|
|
|
|
1.3052
|
0.0037
|
0.2828%
|
|
|
|
Tadawul
|
7499.97
|
10.08
|
0.13%
|
|
|
|
|
28.209
|
3.962
|
16.340%
|
|
|
|
|
41.550
|
1.115
|
2.757%
|
|
|
|
|
44.64
|
-0.45
|
1.00%
|
|
|
|
|
2032.160
|
62.805
|
3.189%
|
|
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