Wall Street returned to gains with employment stability
The main US stock markets closed in positive territory, boosted by data on employment in August, US which showed a stable labor market.
September 2, 2016 • Business
By Carla Pedro – Business Journal
The number of hires in the uS rose in August at 151,000 people, after a gain of 275,000 in July , revealing a stable employment, according to data released this Friday, September 2, the US Department of Labor.
the US stocks responded in positive territory, because although the market work reveal stability, soundness not have enough strength to lead the Federal Reserve to raise US since the September meeting interest rates
the Standard & amp.; Poor’s 500 closed gaining 0.40% to 2179.95 points, and the Dow Jones Industrial Average added 0.39% to 18,491.96 points
for 40 consecutive sessions the S & amp;. P does not end the up or down at least 1%, while August has arrived to mark a new record high. The low volume of trading in recent weeks, as is customary in the summer holidays, has contributed to the fluctuations in the index are not significant.
Technological Nasdaq Composite, meanwhile, appreciated 0.43 % to 5249.89 points.
investors were awaiting the release of the employment report to have more signals on the direction of monetary policy of the Fed. the figures released today do not believe that will be for since the US central bank will back up the directors interest.
As to whether the US Federal Reserve to decide by an interest increase in September, data compiled by Bloomberg point to a 20% probability of this happening – when this number was 34% before the release of employment data. Already regarding the possibility of an increase in key interest rates may be the end of the year, this rises to 61%.
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