Off the wire
• Xinhua world news summary at 1530 GMT, April 10  • Pakistan condemns terrorist attacks in Egypt  • China demands tighter regulations for insurance  • Roundup: Slain cop of London attack laid to rest  • China hopes for progress in investment treaty negotiations with U.S.  • Trump denounces terror attacks on churches in Egypt  • NE China free trade zone starts operation  • Chinese children's book on Mao published in Dutch language  • Young men, women in Sweden to receive conscription letters this week  • Slovenia supports BiH on Euro-Atlantic path: Slovenian PM  
You are here: 　 Home

U.S. stocks rebound after jobs report

Xinhua, April 10, 2017 Adjust font size:

U.S. stocks traded higher in the morning session Monday as investors continued to digest the nonfarm payrolls report for March.

Around midday, the Dow Jones Industrial Average rose 73.50 points, or 0.36 percent, to 20,729.60. The S&P 500 added 7.57 points, or 0.32 percent, to 2,363.11. The Nasdaq Composite Index increased 17.98 points, or 0.31 percent, to 5,895.79.

With no major economic data due Monday, investors were still sifting through the country's mixed jobs data.

U.S. total nonfarm payroll employment edged up by 98,000 in March, compared with market estimates of 180,000, while the unemployment rate declined to 4.5 percent, below market expectation of 4.7 percent, said the Labor Department on Friday.

In March, average hourly earnings for all employees on private nonfarm payrolls increased by 5 cents to 26.14 U.S. dollars, following a 7-cent increase in February.

Some analysts said the pullback in hiring could give the U.S. central bank reason to be more cautious on its next rate hike.

Meanwhile, investors kept a close eye on Federal Reserve Chair Janet Yellen, who will deliver a speech at the University of Michigan Ford School of Public Policy shortly after the market's close. Enditem