In the early morning of the 3rd Beijing time, U. S. stocks continued to rise late Friday, the Nasdaq and the S & P 500 index once again refreshed intraday record highs. Non-farm payrolls in the United States rose by a higher-than-expected 850000 in June, indicating an accelerated recovery in the U.S. labor market.
The Dow rose 163.92 points, or 0.47%, to 34797.45; the Nasdaq rose 101.88 points, or 0.70%, to 14624.26; and the Standard & Poor's 500 Index rose 29.83 points, or 0.69%, to 4349.77.
On Friday afternoon, the Nasdaq rose as high as 14624.97, while the S & P rose as high as 4349.78, an all-time high.
Us stocks closed higher yesterday, with major indexes performing high on the first trading day of the third quarter and the second half of the year. The S & P 500 index closed at an all-time high for the sixth day in a row and hit an all-time high for the 34th time this year. Both the Nasdaq and the Dow recorded gains.
On Friday, the U.S. Labor Department reported that U.S. non-farm payrolls rose 850000 in June, exceeding market expectations. The market expects that number to increase by 706000. The number of non-farm payrolls was revised up to 583000 in May. The unemployment rate climbed from 5.6% to 5.9% in June, higher than expected.
"the strong non-farm payrolls data shows that the labour market is accelerating," said McCann, an economist at Aberdeen Standard Investments.
Recruitment in the labour market accelerated in the second quarter as restrictions related to the COVID-19 epidemic were lifted into the summer and Americans whose movements were restricted over the past year returned to normal travel.
As economic data continue to rise, economists expect GDP growth to be close to 10% in the second quarter, as vaccination has significantly reduced novel coronavirus's infection rate, patient hospitalization rate and mortality rate.
Another data showed that the US trade deficit in May was 71.2 billion US dollars, with an estimated deficit of 71.3 billion US dollars, compared with a previous deficit of 68.9 billion US dollars.
Friday's non-farm payrolls data came after a series of strong economic data, especially labour market data, boosted the market earlier this week. Private employment in ADP rose 692000 on Wednesday, while initial jobless claims fell below 400000 on Thursday and fell to the lowest level since mid-March last year.
But labor market data earlier this week also showed that companies in a variety of industries in the United States were affected by labor shortages. Had it not been for labour shortage constraints, the US economic recovery could have been stronger.
Luke Tilley, chief economist at Wilmington Trust, said: "what is really hampering hiring is the tight labour market. But we are very optimistic, the market is also very optimistic, we believe that this is an important reason for the continued rise of US stocks. "
Friday's non-farm payrolls report will also help the market judge the timing of the Fed's next monetary policy action. The Fed is still sticking to two policies adopted during the crisis-quantitative easing and near-zero benchmark interest rates.
Focus stocks
Virgin GalaxyThe company announced that the next manned flight test window will open on July 11, which will be the company's first flight test with a full crew, and the company's founder Branson will also board the ship for the test.
Aerospace military enterprise TAT announced that it is working with HoneywellEstablish a new power plant maintenance partnership.
Human resources solutions company Staffing Solutions announced a reverse split of its common stock at a ratio of 1:6 to its pre-split stock.
The share price of Marin Software, a cloud enterprise marketing software, rose. It is currently the second most discussed stock on social platform StockTwits.
Overseas shipping group Saltchuk Resources paid $3 per share to buy its outstanding shares.
Gao Tu, New OrientalA good futureAnd so on, the general online education stocks are generally weak.
Xiaopeng car, idealCar, WeilaiAutomobiles and other new energy vehicle stocks generally fell.
Secondary IPO popular cultureIt continued to rise, closing up nearly 100% yesterday.
DidiThe stock price went down. The China Cyber Security Review Office conducted a cyber security review on "DiDi". During the review, "DiDi" stopped new user registration. Didi responded that it would actively cooperate with the network security review.