NEW YORK (dpa-AFX) – The most important US stock indices started trading on Friday with profits. Overall, the labor market report, published an hour before the opening, did not add to existing inflation concerns, experts said. It is true that average hourly wages rose faster than expected in May. However, fewer new jobs were created than economists predicted.
According to Helaba, the discussion about a tighter monetary policy is unlikely to receive any new impetus. The result is also disappointing against the background that the report by the private service provider ADP on Thursday pointed to significantly higher 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 gained 0.33 percent to 34 692.27 points. The market-wide S&P 500 rose by 0.62 percent to 4218.91 meters. The technology-heavy Nasdaq 100 even rose by 1.50 percent to 13,732.94 points./he/fba
– –
