Dow Jumps Over 100 Points; US Economy Adds 303,000 Jobs In March
NEW YORK (April 5) U.S. stocks traded higher this morning, with the Dow Jones gaining more than 100 points on Friday.
Following the market opening Friday, the Dow traded up 0.30% to 38,713.29 while the NASDAQ rose 0.35% to 16,105.67. The S&P 500 also rose, gaining, 0.35% to 5,165.43.
U.S. employers added 303,000 nonfarm payrolls in March, marking an increase from the 270,000 reading in February and surpassing the expected 212,000, the Bureau of Labor Statistics said Friday.
The unemployment rate slowed from 3.9% to 3.8%, easing more than expected.
Commodities
In commodity news, oil traded up 0.3% to $86.88 while gold traded up 0.2% at $2,312.20.
Silver traded down 1.5% to $26.835 on Friday, while copper fell 0.7% to $4.2190.
Euro zone
European shares were lower today. The eurozone’s STOXX 600 dipped 1%, London’s FTSE 100 fell 0.8% while Spain’s IBEX 35 Index fell 1.5% The German DAX declined 1.3% French CAC 40 fell 1.3% while Italy’s FTSE MIB Index fell 1.4%.
Retail sales in the eurozone fell by 0.5% month-over-month in February, while the HCOB eurozone construction PMI fell to 42.4 in March compared to 42.9 a month ago.
The S&P Global UK construction PMI climbed to 50.2 in March, recording the highest reading since Aug. 2023, while UK’s Halifax House Price Index increased by 0.3% year-over-year in March. German construction PMI declined to 38.3 in March versus 39.1 in February, while French construction PMI slipped to 41 from 41.9.
Asia Pacific Markets
Asian markets closed mixed on Friday, with Japan’s Nikkei 225 falling 1.96%, Hong Kong’s Hang Seng Index falling 0.01%, and India’s S&P BSE Sensex rising 0.03%.
The index of leading economic indicators in Japan rose to 111.8 in February versus a final level of 109.5 in the prior month, while index of coincident economic indicators fell to 110.9 in February versus a final 112.1. The S&P Global Hong Kong SAR PMI climbed to 50.9 in March from 49.7 in February.
Economics
U.S. employers added 303,000 nonfarm payrolls in March, marking an increase from the 270,000 reading in February and surpassing the expected 212,000, the Bureau of Labor Statistics said Friday.
The unemployment rate slowed from 3.9% to 3.8%, easing more than expected.
Average hourly earnings eased from 4.3% to 4.1%, in line with predictions.
Benzinga
