Market news
07.07.2017, 20:09

The main US stock indices grew moderately following the results of today's session

Major US stock indexes finished trading with a moderate increase, as the data surpassing the forecast on changes in the number of employed in non-agricultural sectors of the US economy increased expectations that the upward trend in the labor market could allow the Fed to go for the third increase in the interest rate this year, despite weak inflation .

The report of the Ministry of Labor showed that the number of jobs in the US increased more than expected in June and employers increased the number of working hours, which indicates the strength of the labor market. According to the report, the number of people employed in non-agricultural sectors jumped by 222,000 jobs last month, outpacing the expectations of growth economists by 179,000 jobs. Data for April and May were revised, and more was created for 47,000 new jobs than previously reported. At the same time, the unemployment rate rose to 4.4% from a 16-year low of 4.3%, which was caused by the fact that more people were looking for a job, which indicates a confidence in the labor market. The unemployment rate fell by four tenths of a percent this year and is close to the last median median forecast for 2017. The average work week increased to 34.5 hours from 34.4 hours in May. The average hourly earnings increased by four cents or 0.2% in June after rising 0.1% in May. This increased the annual wage growth to 2.5% from 2.4% in May.

Most components of the DOW index recorded a rise (24 out of 30). The leader of growth were shares of McDonald's Corp. (MCD, + 2.16%). Outsider were shares of The Goldman Sachs Group, Inc. (GS, -0.67%).

All sectors of S & P finished the session in positive territory. The technological sector grew most (+ 1.1%).

At closing:

Dow + 0.44% 21.412.97 +92.93

Nasdaq + 1.04% 6,153.08 +63.62

S & P + 0.64% 2.425.18 +15.43

© 2000-2024. All rights reserved.

This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).

The information on this website is for informational purposes only and does not constitute any investment advice.

The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.

AML Website Summary

Risk Disclosure

Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.

Privacy Policy

Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.

Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.

Bank
transfers
Feedback
Live Chat E-mail
Up
Choose your language / location