Market Close for 05 July 2013
by GEI Staff
Gary is on vacation this week.
Stocks rose right into the close Friday after a mid-afternoon hesitation. That put the close for the week on a much stronger footing than the afternoon fades into close from the other three days of the week.
U.S. stocks rose on Friday after official data revealed that June saw more jobs created than the markets were expecting.
At the close of U.S. trading, the Dow Jones Industrial Average finished up 0.98%, the S&P 500 index ended up 1.02%, while the Nasdaq Composite index rose 1.04%.
The Bureau of Labor Statistics reported earlier the U.S. economy added 195,000 nonfarm payrolls in June, well above analysts’ calls for a 165,000 increase.
May’s figure was revised upwards to 195,000 jobs from 175,000, while April’s figure was revised upwards to 199,000 from 149,000.
The headline unemployment rate remained unchanged at 7.6% last month, while hourly earnings rose 0.4% compared to market calls for a 0.2% gain.
The numbers sent stocks gaining despite the rise in sentiments that monetary stimulus measures are on their way out by next year.
European stocks fell sharply to end the week moderately lower:
After the close of European trade, the EURO STOXX 50 fell 1.91%, France’s CAC 40 fell 1.46%, while Germany’s DAX 30 finished down 2.36%. Meanwhile, in the U.K. the FTSE 100 finished down 0.72%.
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.