US stocks open higher, shrug off disappointing jobs data

Economies.com
2021-05-07 14:05PM UTC

US stock indices rose in early trading on Friday, despite the release of disappointing jobs data.

 

Data showed that the US economy has added 266,000 jobs during April, worse than forecasts of 990,000 jobs.

 

The US unemployment rate rose to 6.1% in April from 6% in March, while analysts forecast a drop to 5.8%.

 

Wall Street today is being lifted by a rebound in the tech sector, as Apple, Facebook and Tesla shares rose, thanks to strong earnings results in the first quarter.

 

As for stocks, Dow Jones rose 0.3% or 120 points to 34,668 as of 14:02 GMT, Nasdaq rose 0.9% or 125 points to 13,757, and S&P 500 rose 0.5% or 23 points to 4,225.

American Markets News

Americas News

Markets

Dow Jones rises ahead of US inflation data
2024-03-27 15:35PM UTC
Most US stock indices rose on Wednesday ahead of new important US data on growth and personal ...
Americas News

Markets

Wall Street gains ground following positive data
2024-03-26 15:41PM UTC
US stock indices rose on Tuesday after a series of losses as markets assess latest ...
Americas News

Markets

Wall Street loses ground as the week opens up
2024-03-25 16:16PM UTC
Most US stock indices declined on Monday as markets assess the Federal Reserve’s stance on ...