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2 Apr 2015
Wall street cheers economic data ahead of Non-farm payrolls report
FXStreet (Mumbai) - Stock markets in the US traded higher on Thursday as investors cheered the better-than-expected economic data ahead of Friday’s Non-farm payrolls report.
The Dow Jones Industrial Average added 91.82 points, or 0.52%, to 17790.50. The S&P 500 rose 10.51 points, or 0.51%, to 2070.20, and the Nasdaq Composite added 14.72 points, or 0.30%, to 4894.95.
The Labor Department said jobless claims fell by 20K to 268K in the week ended March 28. That is near the lowest level in 15 years, and lower than expectations for 285K new claims. Meanwhile, Factory orders showed an increase of 0.2% in February, beating expectations for a second month of decline.
Among stock, United Technologies advanced 1.25%, followed by a 2.00% gain in shares of Boeing and Home Depot. On the other hand, shares in Microsoft fell 0.60%, followed by a 0.52% drop in McDonald’s. Goldman Sachs also dipped 0.15%.
Moreover, markets are trading higher on the last trading day of the week. The opening on Monday largely depends on the Friday’s March month Non-farm payroll report, which is expected to show an increase jobs by around 250K in March, to leave the unemployment rate unchanged at a more-than six-and-a-half-year low of 5.5%.
The Dow Jones Industrial Average added 91.82 points, or 0.52%, to 17790.50. The S&P 500 rose 10.51 points, or 0.51%, to 2070.20, and the Nasdaq Composite added 14.72 points, or 0.30%, to 4894.95.
The Labor Department said jobless claims fell by 20K to 268K in the week ended March 28. That is near the lowest level in 15 years, and lower than expectations for 285K new claims. Meanwhile, Factory orders showed an increase of 0.2% in February, beating expectations for a second month of decline.
Among stock, United Technologies advanced 1.25%, followed by a 2.00% gain in shares of Boeing and Home Depot. On the other hand, shares in Microsoft fell 0.60%, followed by a 0.52% drop in McDonald’s. Goldman Sachs also dipped 0.15%.
Moreover, markets are trading higher on the last trading day of the week. The opening on Monday largely depends on the Friday’s March month Non-farm payroll report, which is expected to show an increase jobs by around 250K in March, to leave the unemployment rate unchanged at a more-than six-and-a-half-year low of 5.5%.