Wall Street opened this Friday in green and the Dow Jones Industrial Average, its main indicator, rose 1.30% to 38,722 points, after the publication of April employment data in the United States.
Ten minutes after the trading floor opened, the selective S&P 500 rose 1.06% to 5,117 units, and the technological Nasdaq advanced 1.75% to 16,117 points.
The unemployment rate in the United States rose to 3.9% in April, one tenth more than the previous month, and the economy added 175,000 new jobs, as reported this Friday by the Bureau of Labor Statistics (BLS). .
The addition of jobs was below the April figure, when the economy added 315,000 jobs, and is also lower than the calculations of economists, who expected 243,000 new jobs, although they had warned that job creation was going to suffer. in spring.
These figures gave hope to investors that the Federal Reserve (Fed) could begin cutting interest rates soon; On Wednesday, the central bank kept rates at their current range, citing a “lack of further progress” toward its 2% inflation target.
At the corporate level, this morning Apple’s rise stood out by more than 6% after announcing on Thursday the largest share buyback to date, worth $110 billion, and increasing its dividends.
The company Amgen also advanced significantly, by 12.7%, after publishing better-than-expected quarterly profits and making a positive update on an experimental anti-obesity drug.
By sector, technology (2.65%) and real estate (1.95%) led the gains, while the only sector that opened in the red was energy (-0.5%).
Among the 30 Dow Jones stocks, the gains in Amgen (12.7%) and Apple (6.7%) and the declines in Chevron (-0.86%) and UnitedHealth (-0.77%) stood out.
