desk
Share
News Topical, Digital Desk : The US stock markets are witnessing a rise in Friday's trading. In the last trading session of the week, the Nasdaq has registered a gain of more than one percent. The rise in the market has been seen due to better than expected employment figures and discussions on tariff between China and America. Both signals are expected to reduce the pressure on the economy, which has improved the sentiments among investors and traders. Today, Tesla's stock has seen a jump after the previous decline, while tech stocks have also increased, which has supported the market.
Dow Jones and S&P 500 have seen a gain of about one percent and Nasdaq has seen a gain of more than one percent. Tesla has seen a gain of more than 5 percent. Alphabet and Amazon have gained more than 2 percent, Intel has gained about 2 percent. At the same time, Meta is in the red mark. In today's trading, the industrials sector has seen the highest growth, while healthcare stocks have slipped. According to government data, non-farm payrolls have increased by 1,39,000 new jobs in May. This number was more than the Reuters estimated 1,30,000. The unemployment rate remained at 4.2 percent, which was according to analyst expectations. In a Reuters report, Seema Shah, Chief Global Strategist of Principal Asset Management, said that the market is still cautious about economic risks, but the figures seem stable so far. At present, there are indications that the labor market is stable. Meanwhile, White House trade advisor Peter Navarro said that talks between US and Chinese officials on trade could take place in the next seven days. On Thursday, talks took place between Trump and Chinese President Xi Jinping, although many important issues are still unresolved and they will be raised in the upcoming meetings. The market is also considering these signals as positive.
--Advertisement--
