US EditionWall Street Gains Ground
- The Labor Department announced that the U.S. Gained 139,000 new jobs in May, exceeding the average forecast of around 130,000 positions.
- This increase in employment came after the number of jobs reported for March and April was significantly revised downward by a total of 95,000 due to ongoing trade-related uncertainties.
- Investors responded positively as the Dow rose 1.05% and closed above 42,700 while the S&P 500 and Nasdaq also posted gains, with the S&P 500 surpassing the 6,000 mark for the first time since February.
- Key figures included an unchanged unemployment rate of 4.2%, a 10-year Treasury yield rising to 4.506%, and Lululemon cutting its full-year earnings guidance amid a challenging macro environment.
- The May jobs report reassured economists about labor market resilience and eased fears of an economic slowdown despite ongoing trade policy risks and calls for lower interest rates from President Trump.
101 Articles
101 Articles
Wall Street closes with solid increases thanks to employment in the US, Tesla and waiting for trade negotiations with ChinaWorld actions were fired from the day and week with blue numbers, led by Wall Street that closed the session with solid profits thanks to the employment data, the recovery of Tesla and with hopes regarding trade negotiations.The global actions indicator MSCI World Index rose by 0.64% at the close of this edition, reaching 3,…
The American stock markets closed significantly higher, supported by a better-than-expected job growth figure. The AEX also booked a profit, led by the chip companies.
Dow Jones Rallies 500 Points After Strong US Jobs Report
U.S. stocks rallied on June 6 to close out the trading week after a better-than-expected May jobs report. The blue-chip Dow Jones Industrial Average surged by more than 500 points, or 1.2 percent. The Dow is now up by nearly 1 percent this year. The tech-heavy Nasdaq Composite Index advanced by about 250 points, or 1.4 percent, and is up by more than 1 percent this year. The broader S&P 500 climbed by nearly 70 points, or 1.15 percent, and toppe…
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