The leading indicators of the New York Stock Exchange closed positively influenced by the employment report, which removes the prospect of an interest rate hike.
Wall Street closed this Friday with widespread gains and new records in two of its leading indicators, the Dow Jones and the S&P 500, despite worse-than-expected April employment data in the US.
The Dow Jones rose 0.66% or 229.23 units to 34,777.76; and the selective S&P 500 rose 0.74% or 30.98 points, to 4,232.60. The Nasdaq Composite Index, which brings together the leading technology companies, rose 0.88% or 119.40 points to 13,752.24.
All sectors ended the day in green, led by energy (1.89%), real estate (1.21%), and industrial (1.05%).
The session was marked by the employment report in the US, which has shown a slowdown in the labor market and breaks with the trend of economic recovery registered in recent months.
The US government reported that the unemployment rate rose to 6.1% on April, one-tenth more than in March, and 266,000 new jobs were created, well below the one million expected by analysts.
Far from discouraging the market, the figures have been seen as an argument for the Federal Reserve to maintain the monetary policies that have driven the market during the coronavirus crisis. The Federal Reserve has made full employment a goal before considering changing its monetary policy.
Karl Haeling of LBBW said the stock market responded positively to the April jobs report, although it was disappointing. Haeling told AFP The information looks weak, and investors are not convinced that these figures really reflect the state of the economy.
Manager Tom Martin said the growth stock is getting another chance to be considered low risk in an environment where there is a slow recovery, and employment figures show that. Globalt Investment Senior Portfolio.
The expectation and agreement that monetary policy (of the Federal Reserve) will continue the same and the production of economic recovery due to the application of vaccines has raised them all the time, but we believe that fluctuations will be greater in the short term. Greg Bassuk, CEO of Axs Investment, said in the term.
Among the 30 listed on the Dow Jones, the most significant advances were for Nike (3.24%), Boeing (2.46%), and Cisco (1.86%). Only half a dozen firms fell, starting with Verizon and IBM, which lost 0.9%.
In other markets, Texas oil fell to $ 64.90 a barrel; and at the close of the session, the yield on the 10-year Treasury bond rose to 1.577%; gold rose to 1,832.30 dollars an ounce, and the dollar lost value against the euro, with a change of 1.2163.