Saturday, October 3, 2015

US stocks reverses losses and close the session and the week with gains

FXStreet (Córdoba) - US stocks staged a noticeable comeback on Friday and reversed early losses as they shrugged of a weaker than expected nonfarm payrolls report.

The Dow Jones Industrial Average rose 200.36 points, or 1.23%, to 16,472.37 and ended the week up 1%. The S&P 500 gained 27.53 points, or 1.43%, and closed at 1,951.35 also 1% higher for the week. The Nasdaq Composite climbed 80.69 points, or 1.74%, to 4,707.78 and finished with a 0.5% weekly gain.

Stocks had opened lower following a disappointing US jobs report. Data showed, US economy created just 142,000 jobs in September, far below the 203,000 expected. Meanwhile August and July gains were downwardly revised by a combined 59,000. The unemployment rate stood at 5.1% as expected.
For more information, read our latest forex news.

No comments:

Post a Comment