Nasdaq 100 Hits an Intraday High, up 0.7%; Dow Gains Nearly 1% to Record High. Boeing up Nearly 4%; Nike, Amgen up over 2%
Tiger Newspress07-02 22:18
U.S. stocks rose on Thursday as investors reacted to a weaker-than-expected nonfarm payrolls report for June.
Nasdaq 100 hit an intraday high, up 0.7%. Dow gains nearly 1% to record high. Boeing up nearly 4%; Nike, Amgen up over 2%.
The June jobs report showed an increase of 57,000 last month, below the 115,000 jobs that economists polled by Dow Jones expected. The unemployment rate, however, dropped to 4.2%. Economists had forecast the rate to stay at 4.3%.
The 2-year Treasury note yield fell after the data on the notion the Federal Reserve will hold off hiking interest rates under these conditions.
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