Major US stock indexes recorded a rise on Friday, despite weaker than expected employment data in the US.
So, job growth in the US slowed more than expected in August after two consecutive months of strong growth, but the growth rate should be more than enough to allow the Federal Reserve to announce plans to begin cutting its large-scale bond portfolio. However, sluggish wage growth could make the US central bank cautious in raising interest rates this year. The Ministry of Labor reported that the number of jobs in the non-agricultural sector increased by 156,000 last month after rising by 189,000 in July.
The report, published by the Institute for Supply Management (ISM), showed that in August, activity in the US manufacturing sector improved more than average expert predictions. The PMI index for the manufacturing sector was 58.8 points against 56.3 points in July. Analysts had expected the figure to rise to 56.5.
The final results of the research, submitted by Thomson-Reuters and the Michigan Institute, showed that in July, US consumers felt more optimistic about the economy than last month. According to the data, in August the consumer sentiment index rose to 96.8 points compared with the final reading for July 93.4 points and the preliminary value for August was 97.6 points. It was predicted that the index will be 97.4 points.
Most components of the DOW index recorded a rise (22 out of 30). The leader of growth was shares of General Electric Company (GE, + 2.59%). Outsider were shares United Technologies Corporation (UTX, -1.52%).
Most sectors of the S & P index finished trading in positive territory. The conglomerate sector grew most (+ 1.4%). The utilities sector showed the greatest decrease (-0.1%).
At closing:
Dow + 0.18% 21.987.11 +39.01
Nasdaq + 0.10% 6.435.33 +6.67
S & P + 0.19% 2.476.41 +4.76
U.S. stock-index futures were rose on Friday, as the U.S. jobs report cut the chances the Fed would increase its rates once again this year.
Global Stocks:
Nikkei 19,691.47 +45.23 +0.23%
Hang Seng 27,953.16 -17.14 -0.06%
Shanghai 3,367.30 +6.49 +0.19%
S&P/ASX 5,724.59 +10.07 +0.18%
FTSE 7,450.59 +19.97 +0.27%
CAC5,117.70 +32.11 +0.63%
DAX 12,125.89 +70.05 +0.58%
Crude $47.02 (-0.44%)
Gold $1,324.90 (+0.20%)
(company / ticker / price / change ($/%) / volume)
ALCOA INC. | AA | 44.1 | 0.22(0.50%) | 860 |
Amazon.com Inc., NASDAQ | AMZN | 983.17 | 2.57(0.26%) | 23357 |
Apple Inc. | AAPL | 164.56 | 0.56(0.34%) | 140619 |
AT&T Inc | T | 37.59 | 0.13(0.35%) | 4806 |
Barrick Gold Corporation, NYSE | ABX | 18.03 | 0.04(0.22%) | 56236 |
Boeing Co | BA | 239.7 | 0.04(0.02%) | 3596 |
Cisco Systems Inc | CSCO | 32.25 | 0.04(0.12%) | 3882 |
Citigroup Inc., NYSE | C | 68.1 | 0.07(0.10%) | 11714 |
Deere & Company, NYSE | DE | 115.95 | 0.02(0.02%) | 134 |
Exxon Mobil Corp | XOM | 76.4 | 0.07(0.09%) | 1719 |
Facebook, Inc. | FB | 172.2 | 0.23(0.13%) | 52431 |
Ford Motor Co. | F | 11.07 | 0.04(0.36%) | 24399 |
Freeport-McMoRan Copper & Gold Inc., NYSE | FCX | 14.83 | 0.05(0.34%) | 12316 |
General Electric Co | GE | 24.67 | 0.12(0.49%) | 15236 |
Goldman Sachs | GS | 224 | 0.26(0.12%) | 5355 |
Google Inc. | GOOG | 942.32 | 2.99(0.32%) | 5097 |
Home Depot Inc | HD | 150.4 | 0.53(0.35%) | 3323 |
Intel Corp | INTC | 35.15 | 0.08(0.23%) | 2822 |
JPMorgan Chase and Co | JPM | 91.02 | 0.13(0.14%) | 50749 |
McDonald's Corp | MCD | 160.1 | 0.13(0.08%) | 3534 |
Microsoft Corp | MSFT | 74.98 | 0.21(0.28%) | 27082 |
Nike | NKE | 53.4 | 0.59(1.12%) | 2819 |
Pfizer Inc | PFE | 33.95 | 0.03(0.09%) | 3449 |
Procter & Gamble Co | PG | 92.5 | 0.23(0.25%) | 2657 |
Starbucks Corporation, NASDAQ | SBUX | 55.1 | 0.24(0.44%) | 1272 |
Tesla Motors, Inc., NASDAQ | TSLA | 356.6 | 0.70(0.20%) | 18286 |
The Coca-Cola Co | KO | 45.58 | 0.03(0.07%) | 2004 |
Twitter, Inc., NYSE | TWTR | 16.94 | 0.03(0.18%) | 4383 |
UnitedHealth Group Inc | UNH | 199.9 | 1.00(0.50%) | 1798 |
Verizon Communications Inc | VZ | 48.11 | 0.14(0.29%) | 3243 |
Walt Disney Co | DIS | 101.5 | 0.30(0.30%) | 3045 |
Yandex N.V., NASDAQ | YNDX | 30.89 | 0.88(2.93%) | 244 |
Apple (AAPL) target raised to $180 from $176 at RBC Capital Mkts
European stocks moved higher Thursday, as basic resources shares rose following better-than-expected manufacturing data from China, but retail shares struggled after a warning from French supermarket chain Carrefour SA. The Stoxx Europe 600 index SXXP, +0.77% picked up 0.8% to close at 373.88, adding to a 0.7% gain from Wednesday, when fears of a military conflict between the U.S. and North Korea eased and enlivened buying appetite.
U.S. stocks advanced on Thursday, with the main indexes posting their fifth consecutive monthly gain. Meanwhile, a rally in biotech shares pushed the Nasdaq Composite into record territory. Earlier, a pair of economic reports in the morning that highlighted continued improvement in the economy also boosted sentiment on Wall Street.
Asian shares were mostly higher Friday, taking their cue from optimism on Wall Street set off by a report showing spending by U.S. consumers growing in July, along with wages and salaries. Japan's benchmark Nikkei 225 edged up 0.2 percent to 19,684.81 in early trading, while Australia's S&P/ASX 200 added nearly 0.2 percent to 5,723.40. But South Korea's Kospi lost 0.2 percent at 2,359.02.