US stocks edge higher despite weak jobs data

2020-01-10 15:17:02 GMT (Economies.com)
US stocks edge higher despite weak jobs data

The major US stock indices tilted up today, despite the release of disappointing monthly jobs report in the US, that fell short of expectations.

 

The US Department of Labor revealed today that the US economy has added 145,000 new jobs in December, lower than forecasts of 162,000, and the unemployment rate held at the lowest level in five decades 3.5%

 

President Donald Trump stated that the phase-one trade deal with China will be signed on January 15 or shortly afterwards.

 

But Trump added signing the phase-two trade deal with China might get delayed to after the November presidential elections.

 

As for stocks, Dow Jones index rose by 0.1% or 19 points to 28,976 as of 15:02 GMT, Nasdaq rose by 0.2% or 23 points to 9,226, and S&P 500 added 0.1% or 4 points to 3,279.

 
 
 
  Symbol Last Change Chg.%
1.1397
0.0055
0.4840%
1.2529
-0.0089
0.7061%
Tadawul
7380.35
-28.29
0.38%
19.127
-0.172
0.891%
40.345
-0.080
0.198%
42.87
0.15
0.35%
1807.045
-5.535
0.305%
 
 
US
 
Europe
 
Asia