A currency trader walks near a screen showing the Korea Composite Stock Price Index at a foreign exchange dealing room in Seoul, South Korea, Friday, July 2, 2021. Shares were mostly higher in Asia on Friday, though markets in Shanghai and Hong Kong declined a day after the Chinese Communist Party marked its centenary with tough talk by Chinese President Xi Jinping.
than they cut last month. It was a healthier reading than the 700,000 economists expected and an acceleration following a couple months of disappointing growth. The S&P 500 rose 32.40 points to 4,352.34. The Dow Jones Industrial Average gained 152.82 points, or 0.4%, to 34,786.35. The Nasdaq composite added 116.95 points, or 0.8%, to 14,639.33.Treasury yields were flat to lower following the jobs report, and the yield on the 10-year Treasury fell to 1.43% from 1.48% late Thursday.
The Fed has said it will keep rates low to help strengthen the job market, and Friday’s report suggested to several investors that growth in jobs or inflation wasn’t high enough to alter its course. Average hourly wages for workers were 3.6% higher in June than a year ago, but the rise from May was slightly below economists’ expectations at 0.3%.
I'm curious to hear what trumpers have to say about this...
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