Indices in this article
NEW YORK (dpa-AFX) – The most important US stock indices started trading on Friday with profits. Overall, the labor market report, released an hour before the opening, did not exacerbate existing inflation concerns, experts said. It is true that the average hourly wages rose more sharply than expected in May. However, fewer new jobs were created than economists predicted.
According to Helaba, the discussion about a tighter monetary policy should not get any new impetus. The result is disappointing also in light of the fact that the report by the private service provider ADP on Thursday pointed to a significantly higher level of employment. “The Fed is still a long way from achieving its targets and there will be no immediate tightening of monetary policy,” said the experts.
The Dow Jones Industrial (Dow Jones 30 Industrial) gained 0.33 percent to 34 692.27 points. The market-wide S&P 500 rose by 0.62 percent to 4218.91 counters. The technology-heavy NASDAQ 100 even increased by 1.50 percent to 13,732.94 points./he/fba
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