Major US stock indices showed positive dynamics on Friday. Support to the market have exceeded the expectations of the data on the number of people employed in non-agricultural sectors of the US economy.
Thus, the number of jobs in the US rose more than expected in January as construction companies and retailers have increased hiring that is likely to give the administration Trump touched, while it seeks to boost the economy and employment. The number of people employed in non-agricultural sectors of the economy increased by 227,000 jobs last month, showing the greatest increase in the past four months, reported on Friday the Ministry of Labour. But the unemployment rate rose by one-tenth of a percentage point to 4.8%, while wages increased slightly, suggesting that there are still some weaknesses in the labor market.
Furthermore, moved by a reliable increase in the volume of new orders in the United States, service providers have started the year with the fastest growth in business activity since the end of 2015. Large willingness to transactions with customers and internal signs of an upturn in economic conditions also contributed to increased business optimism in the service sector. January data made it clear that the services sector companies are more confident about their prospects for growth than at any time since May 2015. The seasonally adjusted final PMI for the services the US from Markit rebounded to 55.6 in January, up from December's three-month low of 53.9.
However, the index of business activity in the US service sector, which is calculated by the Institute of Supply Management (ISM), fell to 56.5 points in January from 57.2 in December. According to the forecast, the rate was reduced to 57 points.
New orders for US manufactured goods rose more than expected in December. Scope of supply also increased, which generally provide more evidence of improvement in manufacturing activity. This was reported by the US Department of Commerce. According to the data, factory orders rose in December by 1.3%, partially offset by a decrease of 2.3% in November (revised from -2.4%). Analysts had expected orders to increase by 1.0%. Meanwhile, the overall supply of industrial goods increased by 2.2% (the maximum growth since December 2010), after rising 0.3% in November.
DOW index components closed mostly in positive territory (23 of 30). Most remaining shares fell NIKE, Inc. (NKE, -0.93%). leaders of growth were shares of Visa Inc. (V, + 4.78%).
All business sectors S & P index finished trading in positive territory. The leader turned out to be the financial sector (+ 1.7%).
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.