The major US stock indexes finished trading in positive territory

Major US stock indexes rose significantly, reacting to the increased expectations that a slow rise in wages amid record low unemployment will force the Fed to slow the rate hike.

The US Department of Labor reported that the economy was steadily creating jobs in April, and the unemployment rate had fallen to the lowest level since the end of 2000, indicating that available workers are becoming a rarity in the hard labor market. Employers added 164,000 jobs in April, more than in March, and more than enough to keep up with the population growth. The unemployment rate fell to 3.9% from 4.1% a month earlier, reaching its lowest level since December 2000. Economists had expected 192,000 new jobs in April, and the unemployment rate fell to 4%. But remaining a constant enigma, wages continued to grow sluggish, despite historically low unemployment. The hourly wage of private sector workers rose in April by an average of 0.15% compared to the previous month, to $ 26.84.

Almost all components of DOW recorded a rise (29 out of 30). The leader of growth was the shares of Apple Inc. (AAPL, + 3.92%). Outsider were shares of Chevron Corporation (CVX, -0.38%).

All sectors of S & P finished trading in positive territory. The consumer goods sector grew most (+ 1.7%).

At closing:

Dow + 1.39% 24,262.51 +332.36

Nasdaq + 1.71% 7.206.62 +121.47

S & P + 1.28% 2.663.42 +33.69