US stocks open higher after jobs data

Economies.com
2021-03-05 15:09PM UTC

US stock indices rose on Friday, following the better than expected US jobs report.

 

The US Labor Department revealed that the US economy has added 379,000 jobs during, better than forecasts of adding 197,000 new jobs.

 

The unemployment rate was at 6.2%, better than forecasts and the previous reading of 6.3%.

 

The yield of 10-year US Treasury bonds rose to 1.6%, which foreshadows more pressure on stocks.

 

As for stocks, Dow Jones rose 0.8% or 260 points to 31,180 as of 15:06 GMT, Nasdaq rose less than 0.1% or 7 points to 12,730, and S&P 500 rose 0.6% or 25 points to 3,793.

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