Commodities

US stocks open higher on strong jobs data

2020-07-02 14:42:28 GMT (Economies.com)

US stock indices opened higher Thursday, after a strong jobs report and President Donald Trump's remarks.

 

The US Department of Labor revealed today that the economy has added 4.8 million new jobs in June, beating forecasts of 3 million jobs.

 

The unemployment rate fell to 11.1% in June, vs. 13.3% in May.

 

While the unemployment claims reached 1.420 million during the past week vs. forecasts of 1.350 million.

 

President Donald Trump said following the report "Great Jobs Numbers," adding that it reflects a strong return by the world's largest economy.

 

As for stocks, Dow Jones rose 1.7% or 430 points to 26,166 as of 14:09 GMT, Nasdaq climbed 1.4% or 150 points to 10,301, and S&P 500 added 1.5% or 45 points to 3,161.

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