Home Business News Wall Street opens higher after strong jobs report

Wall Street opens higher after strong jobs report

by Purvai Dua
4th Jan 19 3:13 pm

A day after suffering a sharp drop following tech giant Apple’s warning, Wall Street stocks have today been boosted by better-than-expected jobs growth data and optimism about proposed trade talks between the US and China next week.

US employers hired the most workers in 10 months in December and the average hourly pay improved 3.2 percent — up from 2.7 percent in 2017.

Job creation in 2018 rose to a monthly average of 220,000 positions, far higher than the 182,000 recorded in 2017 but lower than 2014 and 2015.

The Dow Jones Industrial Average is now 431.7 points up to 23,117.95. Chip maker Intel tops the winners, climbing 2.7% to $45.70. The S&P 500 has climbed 39 points to 2,486.96.

Leave a Comment

You may also like


Sign up to our daily news alerts

[ms-form id=1]