Better-than-expected labor data once again bolstered equity markets, pushing the Dow Jones Industrial Average to yet another high; blue-chips ended the historic week to close at 14,397.07. The Labor Department reported that U.S. employers added 236,000 jobs last month, bucking analysts’ expectations of a 160,000 uptick. The unemployment rate also came in surprisingly better, falling to 7.7%, the lowest level since the end of 2008. In a separate report, U.S. wholesale businesses’ inventories jumped more than expected in January [see Free Member Report: How To Pick The Right ETF Every Time]. Global Market Overview: Historic Week Finishes On Upbeat Labor Data Following today’s better-than-expected labor reports, all three major U.S. equity indexes rallied to close in positive territory today. The Dow Jones Industrial Average ETF logged in a 0.45% gain, as its underlying index rallied to close at a record high of 14,397.07. The S&P 500 ETF rose 0.42%, while the tech-heavy Nasdaq ETF gained 0.12%. In Europe, equities were slightly higher, with the [...] Click here to read the original article on ETFdb.com. Related Posts: Daily ETF Roundup: Dow Closes Above 14,300 Daily ETF Roundup: Blue-chips Post Another Record Close Daily ETF Roundup: Dow Closes At All-time High Daily ETF Roundup: Stocks Shrugg Off Sequester Daily ETF Roundup: Early Morning Rally Sizzles, Stocks Close In Red
Better-than-expected labor data once again bolstered equity markets, pushing the Dow Jones Industrial Average to yet another high; blue-chips ended the historic week to close at 14,397.07. The Labor Department reported that U.S. employers added 236,000 jobs last month, bucking analysts’ expectations of a 160,000 uptick. The unemployment rate also came in surprisingly better, falling to 7.7%, the lowest level since the end of 2008. In a separate report, U.S. wholesale businesses’ inventories jumped more than expected in January [see Free Member Report: How To Pick The Right ETF Every Time]. Global Market Overview: Historic Week Finishes On Upbeat Labor Data Following today’s better-than-expected labor reports, all three major U.S. equity indexes rallied to close in positive territory today. The Dow Jones Industrial Average ETF logged in a 0.45% gain, as its underlying index rallied to close at a record high of 14,397.07. The S&P 500 ETF rose 0.42%, while the tech-heavy Nasdaq ETF gained 0.12%. In Europe, equities were slightly higher, with the [...]
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