Thursday, 2 July 2020 23:32 WIB
Stocks rose on Thursday as investors cheered a bigger-than-expected increase in jobs in June as the economy tries to claws back from the coronavirus shutdown.
The Dow Jones Industrial Average traded 232 points higher, or 0.9%. The Nasdaq Composite hit a record high, climbing 0.9%. The S&P 500 gained 0.9%. Boeing contributed to the gains, rising 0.6% after the airplane maker completed...
Thursday, 2 July 2020 19:50 WIB
Nonfarm Payrolls (NFP) in the US increased by 4,800,000 in June, the data published by the US Bureau of Labor Statistics showed on Thursday. This reading followed May's increase of 2,699,000 (revised from 2,509,000) and came in better than the market expectation of 3,000,000.
Further details of the publication revealed that the Unemployment Rate fell to 11.1% from 13.3% in May and the Labor...
Thursday, 2 July 2020 19:43 WIB
Crude-oil prices headed higher Thursday for a second session, as values continued to garner support from a bullish report on U.S. stockpiles this week.
The Energy Information Administration reported Wednesday that U.S. crude inventories fell by 7.2 million barrels for the week ended June 26, coming after three consecutive weeks of increases.
Energy markets have also been keying in on increases...