facebook
twitter
rss
account
search
search
 

Markets climb on jobs report

Aug. 3, 2012 at 5:00 PM   |   Comments

| License Photo
NEW YORK, Aug. 3 (UPI) -- A positive jobs report from the U.S. Labor Department powered U.S. stock indexes to a three-month high Friday.

The Labor Department said the U.S. economy added 163,000 jobs in July, more than the 100,000 jobs economist predicted.

However, economists also predicted the unemployment rate would remain unchanged. Instead, it rose from 8.2 percent to 8.3 percent as more job seekers entered the workforce.

In late afternoon trading, the Dow Jones industrial average added 217.19 points -- 1.69 percent -- and closed at 13,096.17.

The tech-heavy Nasdaq composite index added 58.13 points (2 percent) to 2,967.9.

The Standard and Poor's 500 index gained 25.99 points (1.90 percent) to 1,390.99.

On the New York Stock Exchange, the total listed volume was 3.56 billion shares.

The benchmark 10-year treasury note yielded 1.571 percent.

The euro was $1.2376 from $1.2182 Thursday. Against the yen, the dollar was 78.56 from 78.22 yen Thursday.

In Tokyo, the Nikkei 225 index shed 1.13 percent, 98.07 points, to 8,555.11.

In London, the FTSE 100 rose 2.21 percent, 124.98 points, to 5,787.28.

© 2012 United Press International, Inc. All Rights Reserved. Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent.
Recommended UPI Stories
Featured UPI Collection
trending
2014: The Year in Music [PHOTOS]

2014: The Year in Music [PHOTOS]

Most Popular
1
Hershey's new logo launched, compared to emoji poop
2
The 'Home of the Whopper' to keep headquarters in U.S.
3
Canadian media must broadcast official emergency notifications
4
France receives upgraded aerial tanker
5
Kurds raise oil funds for refugees
Trending News
Video
x
Feedback