Weak US job report results in volatile market

Weak US job report results in volatile market
PUBLISHED BY
A weak job report resulted in a record close on Friday for the US stocks. The US labor department’s monthly non-farm payrolls report revealed employers hired 266,000 new workers in April, far below the expected 1 million jobs that economists had expected.
The blue-chip S&P 500 closed at a record close pushed by the energy and real estate sectors; it went up by 0.7 percent to 4,232.60. The Nasdaq Composite index gained 0.9 percent.
For the week, the indices were up 1.2 percent and down 1.5 percent, respectively. US Treasury bonds initially rallied, with the yield on the 10-year note falling by a steep 0.07 percentage points to 1.497 percent in the moments after the data were released. Bond yields move inversely to prices. The dollar, as measured against a basket of currencies, fell by 0.8 percent.

Related Keywords

New York , United States , Priya Misra , Tatjana Greil Castro , Jeffrey Schulze , Dan Suzuki , Nasdaq , Nasdaq Composite , Clearbridge Investments , Richard Bernstein Advisors , புதியது யார்க் , ஒன்றுபட்டது மாநிலங்களில் , பிரியா மிஸ்ரா , ஜெஃப்ரி ஸ்சுழ்ஜே , டான் ஸஸூகீ , நாஸ்டாக் , நாஸ்டாக் கலப்பு ,