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.%
1.1785
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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