Major US stock indexes finished trading with an increase

Major stock indexes in Wall Street rose on Friday. Employment growth in the US in August, has been slower than expected, which could eliminate the increase in interest rates by the Fed this month.

As it became known, employment growth in the US slowed more than expected in August after two consecutive months of steady gains and moderate wage growth. The number of people employed in the non-agricultural sector of the US economy grew by 151,000 jobs last month after a revised upward growth to 275,000 in July. The unemployment rate remained unchanged at 4.9% as more people entered the labor market. Economists had forecast a rise in the number of employees by 180 000 last month, and a decrease in the unemployment rate by one tenth of a percentage point to 4.8%.

In addition, new orders for manufactured goods in the United States recorded their biggest increase in nine months in July as the overall demand has increased, it is a sign of hope for the embattled manufacturing sector. The Commerce Department reported Friday that new orders for manufactured goods jumped 1.9% after a downwardly revised decline of 1.8% in June. It was the biggest increase since October 2015, and after two months of decline in a row. Economists had forecast an increase of industrial orders by 2.0% in July after a previously reported decline of 1.5% in June.

However, data released by the Institute for Supply Management (ISM) in New York, showed that business activity in New York deteriorated sharply at the end of August, almost completely offsetting the increase in the previous month. As it became known, the business activity index fell to 47.5 points from 60.7 points in July (7-month high). Recall that in June figure was at 45.4.

Most of the DOW index components increased (28 of 30). More rest rose stocks Apple Inc. (AAPL, + 0.92%). Outsider were shares of NIKE, Inc. (NKE, -0.91%).

All business sectors S & P index recorded an increase. The leader turned out to be the basic materials sector (+ 1.5%).