Market Close for 03 July 2013
by GEI Staff
Gary is on vacation this week.
Stocks faded starting at noon just like Monday and Tuesday, but this time the day ended early for the holiday (market closed at 1 pm) and time for the fade was cut short.
U.S. stocks rose on Wednesday after private-sector jobs data beat expectations. Markets closed early ahead of the U.S. Independence Day holiday.
At the close of U.S. trading, the Dow Jones Industrial Average finished up 0.38%, the S&P 500 index ended up 0.08%, while the Nasdaq Composite index rose 0.30%.
Better-than-expected jobs data coupled with soft service-sector data sent stocks rising by fueling sentiments that the economy is on the mend but still requires monetary stimulus injections from the Federal Reserve.
European stocks fell sharply:
After the close of European trade, the EURO STOXX 50 fell 1.25%, France’s CAC 40 fell 1.08%, while Germany’s DAX 30 finished down 1.03%. Meanwhile, in the U.K. the FTSE 100 finished down 1.17%.
U.S. markets will be closed on Thursday for the U.S. Independence Day holidays. On Friday, the U.S. will release its June report on nonfarm payrolls, the unemployment rate and average hourly earnings.
Following are the data tables from Investing.com for major markets as of 4:20 pm EST. Click on any table for latest live streaming data at Investing.com.