US Stocks Rise On Strong July Jobs Report

Umer Jamshaid Published August 05, 2016 | 10:56 PM

US stocks rise on strong July jobs report

NEW YORK, (APP - UrduPoint / Pakistan Point News - 4th August, 2016) - Wall Street stocks rose Friday after the Labor Department reported the US economy added a better-than-expected 255,000 jobs in July. That figure was well above analyst expectations for 185,000 jobs added.

The report also upgraded the new job figures for May and June and showed a rise in average hourly pay.

"This was good economic data, replete with strong and relatively broad-based job growth, higher wage growth, and an increase in the average workweek," said Briefing.com analyst Patrick O'Hare. Five minutes into trade, the Dow Jones Industrial Average was at 18,461.21, up 0.6 percent. The broad-based S&P 500 rose 0.5 percent to 2,174.07, while the tech-rich Nasdaq Composite Index advanced 0.6 percent to 5,194.44.

Facebook Twitter Reddit Pinterest Whatsapp

Recent Stories

Asian U16 Volleyball Championship: Pakistan Secure ..

Asian U16 Volleyball Championship: Pakistan Secures Spot in Semifinals

Over 1.8 Million Applications Submitted Through Pu ..

Over 1.8 Million Applications Submitted Through Punjab Job Portal for Vacancies ..

A Strategic Partnership to Address Emergency and C ..

A Strategic Partnership to Address Emergency and Crisis Needs

Balochistan is the future of Pakistan and CPEC is ..

Balochistan is the future of Pakistan and CPEC is our lifeline. Coordinator to M ..

UK removes Pakistan from air safety list, clears p ..

UK removes Pakistan from air safety list, clears path for flights resumption

Sharjah Ruler approves AQU budget, 500 scholarship ..

Sharjah Ruler approves AQU budget, 500 scholarships

UAE Wrestling National Team participates in Egypti ..

UAE Wrestling National Team participates in Egyptian National Wrestling Champion ..

GCC, Azerbaijan review progress of 2024-2028 Joint ..

GCC, Azerbaijan review progress of 2024-2028 Joint Action Plan

Dubai T100 Triathlon Weekend opens doors to amateu ..

Dubai T100 Triathlon Weekend opens doors to amateur triathletes

‘Islamic Affairs, Endowments and Zakat’ launch ..

‘Islamic Affairs, Endowments and Zakat’ launches new Hajj campaign selection ..

Tadweer acquires 'Waste-to-Energy' stake from Masd ..

Tadweer acquires 'Waste-to-Energy' stake from Masdar

Fallen Heroes’ Affairs Office, Aqdar launch init ..

Fallen Heroes’ Affairs Office, Aqdar launch initiative for high school graduat ..