September jobs figures fuel gains in US stocks
US markets closed higher on Friday after weak US jobs data lowered the odds of Federal Reserve rate hikes. Major US indices spent most of the day solidly in positive territory following the lacklustre hiring data for September. Equities were also supported by a pullback in oil prices after G7 countries agreed to an emergency release of fuel reserves in light of the US-Iran war. Data showed that…
US markets closed higher on Friday after weak US jobs data lowered the odds of Federal Reserve rate hikes. Major US indices spent most of the day solidly in positive territory following the lacklustre hiring data for September, with the S&P 500 gaining 0.7 percent to 7,722.72, the Nasdaq Composite gaining 1.2 percent to 27,190.86, and the Dow rising half a percent to 51,176.96.
Oil prices retreated as G7 leaders agreed to an emergency release of fuel reserves, with the US benchmark finishing down around two percent at US$91.11 per barrel.
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Also reported by 1 other outlet
- Singapore fuel oil stocks rose by 4% in September hellenicshippingnews.com
