|
US stocks open higher after strong jobs report, Dow Jones hits new record
The main US stock indices rose on Monday, as Dow Jones hit a new record high following the strong monthly jobs report.
The US stock and bond markets were closed on Friday in observance of the Good Friday holiday, with some stock markets in several European and Asian countries continuing to close today due to the Easter holiday.
The US Department of Labor revealed that the economy has added 916K new jobs, the largest monthly increase since August, beating forecasts of 652K jobs.
The unemployment rate fell to 6%, in line with forecasts, and better than the previous reading of 6.2%.
As for stocks, Dow Jones rose 0.8% or 268 points to 33,421 as of 14:03 GMT, Nasdaq rose 1.1% or 152 points to 13,632, and S&P 500 rose 0.9% or 38 points to 4,057.
American Markets News
Markets
S&P 500 and Nasdaq head for steep weekly losses as chip stocks retreat
The S&P 500 and Nasdaq Composite were on track for significant weekly losses as semiconductor ...
Markets
Wall Street slides as technology stocks sell off amid fears of a more hawkish Fed
The Nasdaq Composite and S&P 500 fell to their lowest levels in more than a week on Tuesday, ...
Markets
S&P 500 and Dow edge higher as investors assess Middle East talks
The S&P 500 and Dow Jones edged higher on Monday, supported by technology and financial stocks, ...