US Markets Rise Following Positive Employment Data
New York – US stocks experienced gains on Thursday, with the Dow Jones Industrial Average closing at 34,829 points, a 0.8 percent increase from the previous trading day. The broader S&P 500 also rose by 0.8 percent, reaching approximately 6,275 points, while the Nasdaq 100 saw a more significant increase of 1.0 percent, ending at roughly 22,867 points.
The positive market movement followed official US government data indicating a surprisingly resilient labor market. This contrasts with earlier data from ADP, which had suggested a loss of jobs. The strong employment figures are being interpreted as a sign that US President Donald Trump’s trade policies have not yet significantly impacted the job market.
Shares of chip designer Nvidia saw a notable surge in value. The company is now approaching the milestone of becoming the most valuable company in stock market history.
In currency markets, the Euro weakened against the US dollar, trading at $1.1750. Conversely, the US dollar strengthened, requiring 0.8511 Euros to purchase one dollar.
Gold prices declined, closing at $3,328 per ounce, a decrease of 0.8 percent. The price equates to 91.07 Euros per gram.
Oil prices also experienced a dip, with a barrel of North Sea Brent crude trading at $68.92, a decrease of 0.3 percent or 19 cents compared to the previous trading day’s close.
