The main US stock indexes finished trading at record highs

Major US stock indices grew moderately on Friday, but further growth was limited by weak data on the US labor market.

So, employment growth in the US slowed in May, and employment growth in the previous two months was not as strong as previously reported, which indicates that the labor market is losing momentum, despite the fact that the unemployment rate fell to a 16-year low In 4.3%. In May, the number of jobs in the non-agricultural sector increased by 138,000, as production, government and retail sectors lost jobs. Data for March and April were revised to show 66,000 fewer jobs than previously reported. The number of jobs in May was marked by a sharp slowdown from 181,000 monthly averages over the past 12 months. Economists had expected an increase in the number of employed people for 182,000 jobs, and the unemployment rate was 4.4 percent.

However, the index of business activity in New York deteriorated significantly in May, not meeting the expectations of analysts, and reaching the lowest level since June 2016. This is evidenced by a report published by the ISM of New York. According to the data, the index, which assesses the economic conditions in the manufacturing and services sectors for companies registered in New York, fell to 46.7 from 55.8 in April. Economists predicted that the index will be 55.3.

Most components of the DOW index finished trading in positive territory (19 out of 30). Exxon Mobil Corporation shares fell the most (XOM, -1.69%). The leader of growth was shares of Microsoft Corporation (MSFT, + 2.40%).

Almost all sectors of the S & P index showed an increase. The main materials sector fell most of all (-0.6%). The leader of growth was the healthcare sector (+ 0.8%).

At closing:

Dow + 0.28% 21,202.94 +58.76

Nasdaq + 0.94% 6,305.80 +58.97

S & P + 0.36% 2.438.79 +8.73