Arab Today, arab today us stocks rally ahead of yellens speech
Last Updated : GMT 21:26:48
Arab Today, arab today
Arab Today, arab today

US stocks rally ahead of Yellen's speech

Arab Today, arab today

Arab Today, arab today US stocks rally ahead of Yellen's speech

stock
Newyork - Xinhua

U.S. stocks traded higher in the morning session on Monday, as investors awaited U.S. Federal Reserve Chair Janet Yellen's speech scheduled for midday after a weak jobs report.

By noon, the Dow Jones Industrial Average gained 111.39 points, or 0.63 percent, to 17,918.45. The S&P 500 rose 9.94 points, or 0.47 percent, to 2,109.07. The Nasdaq Composite Index was up 21.14 points, or 0.43 percent, to 4,963.66.

Traders will keep a close eye on her comments for clues on the timing of the next interest rate hike.

"Janet Yellen won't be asked to anything heroic today, but she will be under some pressure when she speaks at 12:30 to the World Affairs Council in Philadelphia," said Stephen Guilfoyle, managing director at Deep Value, on Monday.

Wall Street expected that a sharp decline in hiring situation may push back the central bank's decision to raise interest rates in June.

The U.S. total nonfarm payroll employment increased by 38,000 in May, well below the market consensus of 158,000 and notching the fewest monthly job gain in almost six years, the Labor Department reported Friday.

The unemployment rate, however, declined by 0.3 percentage point to 4.7 percent in May.

Some analysts believed that a June rate hike is off the table after the disappointing jobs report, but July is still possible.

U.S. stocks pared part of early losses to end modestly lower Friday, as the country's nonfarm payrolls data came out much worse than expected.

source : xinhua 

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today us stocks rally ahead of yellens speech Arab Today, arab today us stocks rally ahead of yellens speech

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today us stocks rally ahead of yellens speech Arab Today, arab today us stocks rally ahead of yellens speech

 



Arab Today, arab today Designer Rania Adel reveals her new collection

GMT 17:59 2017 Monday ,12 June

Designer Rania Adel reveals her new collection
Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Mai Al-Jeddawi presents décor ideas for Ramadan
View News in Arabic - Business: أسواق مالية
Arab Today, arab today
Arab Today, arab today

GMT 09:49 2017 Tuesday ,02 May

Girl barred from Malaysia chess competition

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse

GMT 16:25 2017 Sunday ,04 June

“Suhoor” is basic meal for fasting

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons

GMT 23:13 2017 Sunday ,18 June

New ransomware virus attacking mobiles in Oman
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday