The Dow Jones New York Stock Exchange closed more than 500 points last night (March 5) after a volatile trade. The market was boosted by the release of stronger-than-expected strong US non-farm payrolls. Which is a sign that The US economy has recovered from the effects of COVID-19.
The Dow Jones Industrial Average closed at 31,496.30, an increase of 572.16 or + 1.85%, while the S & P500 closed at 3,841.94, up 73.47, or + 1.95% and the Nasdaq closed at 12,920.15, a 196.68 increase or + 1.55%.
In this week The Dow gained 1.8% and the S & P500 gained 0.8%, while the Nasdaq continued to fall 2.1%.
US stock markets rebounded. After the US Department of Labor reported on Friday that The number of non-agricultural employment has increased by 379,000 in February. Higher than analysts had expected, perhaps 210,000 more.
The unemployment rate fell to 6.2 percent in February, lower than analysts had expected, possibly steady at 6.3 percent.
US stock markets recover. After several days of plummeting due to worries about rising interest rates in the United States. Which has overshadowed confidence about the economic recovery.
The US 10-year bond yield hit a new one-year high of 1.626% after the release of nonfarm payrolls rose higher than analysts had expected.
Investors remain focused on $ 1.9 trillion measures to mitigate the effects of COVID-19. This is because the US Senate has begun discussions about how to spend the remedy in the measure.
All stocks in the S&P500 rallied, and the Nasdaq surged more than 1.5 percent on Friday after Amazon and Apple stocks recovered, but the Nasdaq remained closed this week in negative territory.
The Nasdaq rebounded at the end of this week after falling roughly 10 percent from its all-time high. It continued to decline for a third straight week, with recent spikes in bond yields reducing demand for high-value technology stocks. Which investors think Rising interest rates will have an impact on high-growth tech companies. It will affect the performance in the future.
Microsoft shares jumped 2.15 percent, while the rally in Alpha and Apple stocks also bolstered the market. Oracle shares jumped more than 6% after Barclays raised its investment weight on expectations. IT spending will improve.
Energy stocks in the S & P500 index also jumped 3.9 percent to a more than one-year high, driven by a sharp rise in oil prices.
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