NEW YORK (dpa-AFX) – The most important US stock indices went higher on Friday. 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 is likely to be tighter Monetary policy did not get a new boost. 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 (Dow Jones 30 Industrial) gained 0.52 percent to 34,756.39 points. He also increased weekly viewing by 0.66 percent. The market-wide S&P 500 rose on Friday by 0.88 percent to 4229.89 meters. The technology-heavy NASDAQ 100 even rose by 1.78 percent to 13,770.78 points./he/fba
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