Home News Wall Street closes after Labor Report Good Performance

Wall Street closes after Labor Report Good Performance


NEW YORK (Dow Jones) – Disappointing employment data may have loaded on the Friday before all the defaults on U.S. stock exchanges. The data, however, eased the fear of interest rate hikes, which could turn Wall Street at the end of the session to increase. The market also received support from the surprisingly good data on defaulted wholesale inventories. (Photo: Schneider)

The Dow Jones index of 30 industrial average (DJIA) rose by 0.1% or eleven points at 10,618. The S & P-500 0.3% or three points won in 1145. The Nasdaq Composite Index rose by 0.7%, or 17 points to 2317. Implemented were 1.0 (Thursday: 1.19) billion shares. The 1851 winners of course were compared with 1,177-loser, closed unchanged 128 titles.
As the U.S. Department of Labor announced, were reduced in December, 85,000 non-farm jobs. Economists polled by Dow Jones Newswires had expected a cut of 10,000 jobs. Market participants could, however, the data abgewinnen a good side. In your opinion, the high unemployment, the Fed will initially prevent them from increasing interest rates.
The stocks were in wholesale trade, according to the U.S. Department of Commerce in November rose by 1.5%. Economists had forecast a decline of 0.3%.
The biggest losers in the DJIA was Coca-Cola. The shares losing about 1.9% to U.S. $ 55.15, after JP Morgan had downgraded it to "Neutral" from "Overweight." The analysts expressed skepticism over shares of beverage and household products manufacturers. Colgate-Palmolive, which were also downgraded, fell by 1.8% to 81.51 U.S. dollars.
United Parcel Service (UPS) advanced 4.8% to U.S. $ 60.17, after the logistics company had increased its earnings targets. Shares of competitor FedEx rose in the wake of UPS by 2.5% to 84.99 U.S. dollars.
Technology stocks benefited from Google, which rose by 1.3% to 602.02 U.S. dollars. The company apparently wants to get into the trading of electricity. According to a report de "Wall Street Journal, Google has applied to the competent authority of the appropriate authority. Applied Materials rose to a Buy rating by 3.9% to 14.56 dollars.