New York stock market opens higher

The New York stock market started the day with a rise.

At the opening, the Dow Jones index rose 120 points, or 0.34 percent, to 34,692 points. The S&P 500 index rose 0.61 percent to 4,218 points and the Nasdaq index rose 0.73 percent to 13,717 points. Although the non-farm employment data announced in the USA was below the expectations with 559 thousand, it showed a strong course and the unemployment rate decreased to 5.8 percent.

Analysts stated that despite the continuing inflationary pressures, the non-farm employment data, which was below expectations, increased the risk appetite and supported the stock markets.

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After the data, the US 10-year bond yield decreased by more than 3 basis points to 1.59, while analysts pointed out that the dollar lost value against global currencies, and stated that this situation supported the ounce price of gold and silver.

While the price of gold increased by 1 percent to 1,890 after the release of the non-farm employment data, the ounce of silver increased by 1.6 percent to $ 27.8.

On the other hand, private sector employment in the USA remained below the expectations with 492 thousand, while the employment in the manufacturing industry was realized in line with the projections with 23 thousand.


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Source: bigpara- GÜNDEM by bigpara.hurriyet.com.tr.

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