Major US stock indexes rose significantly, reacting to the increased expectations that a slow rise in wages amid record low unemployment will force the Fed to slow the rate hike.
The US Department of Labor reported that the economy was steadily creating jobs in April, and the unemployment rate had fallen to the lowest level since the end of 2000, indicating that available workers are becoming a rarity in the hard labor market. Employers added 164,000 jobs in April, more than in March, and more than enough to keep up with the population growth. The unemployment rate fell to 3.9% from 4.1% a month earlier, reaching its lowest level since December 2000. Economists had expected 192,000 new jobs in April, and the unemployment rate fell to 4%. But remaining a constant enigma, wages continued to grow sluggish, despite historically low unemployment. The hourly wage of private sector workers rose in April by an average of 0.15% compared to the previous month, to $ 26.84.
Almost all components of DOW recorded a rise (29 out of 30). The leader of growth was the shares of Apple Inc. (AAPL, + 3.92%). Outsider were shares of Chevron Corporation (CVX, -0.38%).
All sectors of S & P finished trading in positive territory. The consumer goods sector grew most (+ 1.7%).
At closing:
Dow + 1.39% 24,262.51 +332.36
Nasdaq + 1.71% 7.206.62 +121.47
S & P + 1.28% 2.663.42 +33.69
U.S. stock-index futures fell on Friday, as investors digested April employment report and assessed the impact of the U.S.-China trade talks.
Global Stocks:
| Index/commodity | Last | Today's Change, points | Today's Change, % |
| Nikkei | - | - | - |
| Hang Seng | 29,926.50 | -386.87 | -1.28% |
| Shanghai | 3,091.03 | -9.83 | -0.32% |
| S&P/ASX | 6,062.90 | -35.40 | -0.58% |
| FTSE | 7,527.96 | +25.27 | +0.34% |
| CAC | 5,489.17 | -12.49 | -0.23% |
| DAX | 12,726.53 | +36.38 | +0.29% |
| Crude | $68.58 | | +0.22% |
| Gold | $1,311.30 | | +0.11% |
(company / ticker / price / change ($/%) / volume)
| Amazon.com Inc., NASDAQ | AMZN | 1,568.03 | -4.05(-0.26%) | 37919 |
| Apple Inc. | AAPL | 178.85 | 1.96(1.11%) | 555770 |
| AT&T Inc | T | 31.98 | 0.04(0.13%) | 12524 |
| Barrick Gold Corporation, NYSE | ABX | 13.51 | 0.03(0.22%) | 1153 |
| Boeing Co | BA | 329 | -1.69(-0.51%) | 8722 |
| Caterpillar Inc | CAT | 143.08 | -0.70(-0.49%) | 4987 |
| Chevron Corp | CVX | 126.75 | 0.74(0.59%) | 708 |
| Cisco Systems Inc | CSCO | 44.4 | -0.04(-0.09%) | 26079 |
| Citigroup Inc., NYSE | C | 67.15 | -0.47(-0.70%) | 11072 |
| Deere & Company, NYSE | DE | 137 | 0.13(0.10%) | 500 |
| Exxon Mobil Corp | XOM | 76.71 | 0.17(0.22%) | 2023 |
| Facebook, Inc. | FB | 173.88 | -0.14(-0.08%) | 61505 |
| Freeport-McMoRan Copper & Gold Inc., NYSE | FCX | 15.31 | 0.10(0.66%) | 8150 |
| General Electric Co | GE | 13.92 | -0.01(-0.07%) | 187646 |
| General Motors Company, NYSE | GM | 36.25 | 0.10(0.28%) | 1774 |
| Goldman Sachs | GS | 231 | -2.41(-1.03%) | 1056 |
| Google Inc. | GOOG | 1,021.50 | -2.22(-0.22%) | 3371 |
| Home Depot Inc | HD | 183.26 | 0.07(0.04%) | 4123 |
| Intel Corp | INTC | 51.94 | -0.04(-0.08%) | 23759 |
| International Business Machines Co... | IBM | 141.05 | -0.94(-0.66%) | 16734 |
| JPMorgan Chase and Co | JPM | 106.39 | -0.85(-0.79%) | 24566 |
| McDonald's Corp | MCD | 160.15 | 0.07(0.04%) | 1794 |
| Microsoft Corp | MSFT | 93.7 | -0.37(-0.39%) | 24124 |
| Procter & Gamble Co | PG | 71.3 | -0.06(-0.08%) | 1940 |
| Starbucks Corporation, NASDAQ | SBUX | 57 | 0.87(1.55%) | 47129 |
| Tesla Motors, Inc., NASDAQ | TSLA | 283 | -1.45(-0.51%) | 34248 |
| The Coca-Cola Co | KO | 42.03 | 0.14(0.33%) | 756 |
| Twitter, Inc., NYSE | TWTR | 30.3 | -0.37(-1.21%) | 76122 |
| UnitedHealth Group Inc | UNH | 235.5 | 1.35(0.58%) | 262 |
| Visa | V | 127.5 | 0.32(0.25%) | 1989 |
| Wal-Mart Stores Inc | WMT | 86.12 | -0.11(-0.13%) | 950 |
| Walt Disney Co | DIS | 98.8 | 0.04(0.04%) | 1323 |
| Yandex N.V., NASDAQ | YNDX | 33.84 | -0.11(-0.32%) | 600 |
Amazon (AMZN) initiated with a Buy at Cascend Securities; target $1800
Apple (AAPL) initiated with a Market Perform at New Street Research
Tesla (TSLA) initiated with an Outperform at New Street Research
Asia-Pacific stock markets were relatively quiet Friday as investors awaited the April jobs report out of the U.S.
European stocks on Thursday closed near the lows of the day, with selling accelerating in the afternoon as U.S. stocks slumped at the start of their regular trading session, extending a downturn begun following the Federal Reserve's Wednesday policy update on inflation and economic health.
U.S. stocks closed lower on Thursday, although major indexes came off the day's lows following a breach of key support levels. The Dow Jones Industrial Average closed flat at 23,930, although the 0.02% gain on the day was enough to avert a five-day losing streak.
| index | closing price | change items | % change |
| SHANGHAI | +19.96 | 3101.13 | +0.65% |
| ASX 200 | +48.10 | 6098.30 | +0.80% |
| KOSPI | -18.36 | 2487.25 | -0.73% |
| FTSE 100 | -40.51 | 7502.69 | -0.54% |
| DAX | -112.10 | 12690.15 | -0.88% |
| CAC 40 | -27.56 | 5501.66 | -0.50% |
| DJIA | +5.17 | 23930.15 | +0.02% |
| S&P 500 | -5.94 | 2629.73 | -0.23% |
| NASDAQ | -12.74 | 7088.15 | -0.18% |