
US Stocks Rise On Strong July Jobs Report
Umer Jamshaid Published August 05, 2016 | 10:56 PM

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.
Recent Stories

CEJ, UNFPA holds National Media Fellowship

PSL 9: Franchises announce player retentions

PML-N always worked for country’s development, public welfare: Ranjha

Venezuela-Guyana tensions soar, US mounts military exercises

Islamabad Conclave concludes with key takeaways for Pakistan amid changing globa ..

Heavier rains in East Africa due to human activity: study

Under-pressure UK PM insists Rwanda migrant plan 'will work'

Water level in Mangla dam at continual decline as seasonal discharge of water un ..

UN aid chief sees 'promising signs' of Gaza access via Israel crossing

AJK PM expresses concern over increased HR abuses in IIOJK

How climate change threatens global agriculture

SLA to host two day 'Children's Shah Latif Fair'
More Stories From World
-
Ukraine moves trucks over Polish border by train to bypass blockade
5 minutes ago -
Current carbon dioxide levels last seen 14 million years ago
14 minutes ago -
Magnitude 7.1 quake hits off Vanuatu, tsunami warning lifted
14 minutes ago -
Swedish court denies Tesla motion over postal dispute
14 minutes ago -
Venezuela-Guyana tensions soar, US mounts military exercises
2 hours ago -
Heavier rains in East Africa due to human activity: study
2 hours ago
-
Under-pressure UK PM insists Rwanda migrant plan 'will work'
2 hours ago -
UN aid chief sees 'promising signs' of Gaza access via Israel crossing
2 hours ago -
How climate change threatens global agriculture
2 hours ago -
Russia sets presidential election for March 17
2 hours ago -
Greece, Turkey vow to work on improving relations
2 hours ago -
Magnitude 7.1 quake hits off Vanuatu, tsunami warning lifted
2 hours ago