US stocks rise led by tech and energy sectors

2021-10-11 14:22:31 GMT (Economies.com)
US stocks rise led by tech and energy sectors

US stock indices rose in early trading on Monday, lifted by the tech and energy sectors.

 

Optimism about containing the coronavirus is growing, especially after Merck announced that it had applied to the FDA for an emergency use for its anti-viral vaccine.

 

The energy sector rebounded thanks to the rising oil prices, as Brent crude surpassed the $84/barrel barrier, and the US crude jumped above the $82 mark.

 

The markets absorbed the US Department of Labor's data that showed the economy has added 194,000 new jobs in September, missing forecasts of 490,000. 

 

The unemployment rate fell to 4.8% from 5.2% in September, better than forecasts of 5.1%.

 

As for stocks, Dow Jones rose 0.5% or 177 points to 34,923 as of 14:07 GMT, and S&P 500 rose 0.4% or 19 point to 4,410, while Nasdaq rose 0.4% or 57 points to 14,637.

 
 
 
  Symbol Last Change Chg.%
1.1624
0.0013
0.1081%
1.3771
0.0032
0.2322%
Tadawul
11891.39
45.46
0.38%
24.407
1.093
4.688%
84.491
1.145
1.374%
86.10
0.56
0.65%
1800.480
30.740
1.737%
 
 
US
 
Europe
 
Asia