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U.S. Stocks Rise as Relatively Solid Jobs Data Offset Trade Worries


Saturday, 4 August 2018 03:26 WIB

DOW JONESS & P 500SahamASNasdaq Composite


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U.S. stocks gained Friday as July jobs data, although below expectations, still supported the belief that the economy is in an expansionary mode. The U.S. added 157,000 new jobs last month, below the 195,000 in MarketWatch's survey, amid widespread complaints about a shortage of skilled labor.

The fairly solid read comes against the backdrop of heightened trade tensions as China announced that it would slap tariffs on U.S. goods in retaliation against a similar move by the Trump administration. The Dow Jones Industrial Average gained 133 points, or 0.5%, to 25,459 to finish the week flat. The S&P 500 rose 13 points, or 0.5%, to 2,840 for a weekly gain of 0.8% while the Nasdaq Composite Index added 9 points, or 0.1%, to 7,812. The tech-heavy index closed out the week 1% higher.

Source : Marketwatch


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