Arab Today, arab today us stocks close higher on solid jobs data
Last Updated : GMT 08:44:49
Arab Today, arab today
Arab Today, arab today

US stocks close higher on solid jobs data

Arab Today, arab today

Arab Today, arab today US stocks close higher on solid jobs data

US stocks
New York - QNA

US stocks rose on Friday after better-than-expected US jobs and factory survey data.
Nonfarm payrolls increased 215,000 and the unemployment rate rose to 5.0 percent from an eight-year low of 4.9 percent, the US Labor Department said. The jobless rate rose as more people continued to seek work, a sign of confidence in the jobs market.
The S&P 500 .SPX gained 0.63 percent to 2,072.78. For the week, the S&P ended up 1.8 percent, as U.S. stocks have now recovered all of the losses sustained by markets in the first five weeks of the year.
The Dow Jones Industrial Average DJIA, +0.61% gained 107.73 points, or 0.6%, to settle at 17,792.82, led higher by Goldman Sachs Group Inc. GS, +1.81% and Visa Inc. V, +1.45% The blue-chip gauge rose 1.6%, its strongest gain in two weeks.
The Nasdaq Composite COMP, +0.92% gained 44.69 points, or 0.9%, to 4,914.54 for a weekly gain of 3%, its largest rise in six weeks.
U.S. crude CLc1 settled down $1.55, or 4 percent, at $36.79. It lost 7 percent on the week. Brent crude LCOc1 settled down $1.68, or 4.1 percent, at $39.09 a barrel. It fell 3 percent for the week.
Shares in Europe also slid to a one-month low, with the pan-European FTSEurofirst 300 index .FTEU3 closing down 1.5 percent at 1,306.69.
Meanwhile, Asian markets mostly closed down. Japan’s Nikkei NIK, -3.55% fell 3.6% after a survey showed a drop in business confidence there.
MSCI's all-country world stock index .MIWD00000PUS fell 0.48 percent.
Gold futures GCM6, -0.97% tumbled, and the dollar DXY, -0.02% turned lower.

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