Dow Jones finishes higher, gains 4% this week

2020-08-07 22:44:32 GMT (Economies.com)
Dow Jones finishes higher, gains 4% this week

Most of the US stock indices rose on Friday, lifted by a strong monthly jobs report, and posted weekly gains, but Nasdaq took a pause and snapped its record-breaking rally.

 

The US Labor Department released its reading for the non-farm employment change index, as the economy has added around 1.8 million jobs in July, higher than forecasts of 1.530 million.

 

The jobs report also showed that the unemployment rate fell to 10.2% from 11.1%, beating forecasts of 10.5%.

 

US President Donald Trump issued executive orders on Thursday banning US transactions with Chinese applications WeChat and TikTok for 45 days.

 

To the oil market, West Texas Intermediate crude fell 1.7% to $41.22 a barrel, after it hit an intraday high of $42.2 and a low of $41.1.

 

Brent fell 1.5% to $44.40 a barrel, with a high of $45.3 and a low of $44.3.

 

As for stocks, Dow Jones rose 0.2% or 46 points to settle at 27,433, and scored monthly gains 3.8%, with a session-high of 27,456 and a low of 27,223.

 

S&P 500 rose 0.1% or 2 points to close at 3,351, with 1.7% weekly gains of 2.4%, and hit a high of 3,352 and a low of 3,328.

 

Nasdaq fell 0.8% or 97 points to 11,011, with weekly gains of 2.5%, a high of 11,126 and a low of 10,920.

 
 
 
  Symbol Last Change Chg.%
1.1745
0.0074
0.6315%
1.2887
0.0019
0.1473%
Tadawul
8295.05
-23.00
0.28%
23.839
0.483
2.068%
38.596
-1.694
4.205%
40.93
-1.61
3.78%
1905.760
33.065
1.766%
 
 
US
 
Europe
 
Asia