WASHINGTON (dpa-AFX) - After moving to the upside early in the session, stocks continue to turn in a strong performance in mid-day trading on Friday. The tech-heavy Nasdaq has shown a particularly
U.S. Stocks Rebounding In Reaction To Monthly Jobs Data
WASHINGTON (dpa-AFX) - Stocks have moved mostly higher in morning trading on Friday, offsetting the weakness seen in the previous session. The major averages have all moved to the upside, with the tech-heavy Nasdaq showing a particularly strong advance.
Currently, the major averages are hovering near the best levels of the day. The Nasdaq is up 164.57 points or 1.2 percent at 13,779.07, while the S&P 500 is up 27.12 points or 0.7 percent at 4,219.97 and the Dow is up 112.75 points or 0.3 percent at 34,689.79.
The rebound on Wall Street comes following the release of the Labor Department s closely watched report on employment in the month of May.
WASHINGTON (dpa-AFX) - Stocks showed a strong move to the upside during trading on Friday as traders reacted to the Labor Department's closely watched monthly jobs report. With the upward move
Taiwan shares rise 1.62%, led by large cap stocks
05/28/2021 05:25 PM
CNA file photo
Taipei, May 28 (CNA) Shares in Taiwan moved sharply higher to close above 16,800-point mark Friday as large cap stocks across the board regained their footing in a strong technical rebound after showing weakness a session earlier, dealers said.
A 0.58 percent gain in the Philadelphia Semiconductor Index overnight helped the bellwether electronics sector, and interest was also strong in raw material stocks, especially the steel sector, on hopes that strong demand will push profits higher, they said.
The Taiex, the weighted index on the Taiwan Stock Exchange (TWSE), ended up 269.25 points, or 1.62 percent, at 16,870.86, after moving between 16,690.04 and 16,889.01. Turnover totaled NT$493.93 billion (US$17.78 billion).