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2 Aug 2013
US stocks gain after jobs data
FXstreet.com (Córdoba) - US stocks advanced on Friday, Treasury yields and the dollar fell, as the disappointing nonfarm payrolls report raised doubts on the Fed plans for trimming stimulus.
The US economy created 162,000 jobs in July, and even though the unemployment rate fell to 7.4%, it was its lowest in over four years. The result was below consensus of 184,000 new jobs. Besides, the US Labor Department revised down previous month's figure.
The Dow Jones industrial average closed up 30 points, or 0.19%, at 15,658. The Standard & Poor's 500 Index was up 2 points, or 0.16%, at 1,709. The Nasdaq Composite Index was up 13 points, or 0.38%, at 3,689.
The US economy created 162,000 jobs in July, and even though the unemployment rate fell to 7.4%, it was its lowest in over four years. The result was below consensus of 184,000 new jobs. Besides, the US Labor Department revised down previous month's figure.
The Dow Jones industrial average closed up 30 points, or 0.19%, at 15,658. The Standard & Poor's 500 Index was up 2 points, or 0.16%, at 1,709. The Nasdaq Composite Index was up 13 points, or 0.38%, at 3,689.