Major US equity indices opened with solid gains on the last trading day of the week as investors cheered stronger-than-expected May jobs report. The US economy added 223K new jobs in May, which pushed the unemployment rate down to an 18-year low level of 3.8%. Meanwhile, wage growth was modest, with the yearly rate rising to 2.7% from 2.6%. Against the backdrop of receding fears about political turmoil in Italy, today’s upbeat job figures boosted sentiment during the early hour and helped markets to recover from Thursday’s selloff triggered by returning fears of a full-blown global trade war. The Trump administration decided to go ahead with tariffs on steel and aluminium imports from the European Union, Canada and Mexico. Expectations of some retaliatory measures from the US’s biggest trading partners spooked investors on Thursday and dampened investor’ appetite for riskier assets – like equities. At the time of writing this report, the Dow Jones Industrial Average was up sharply by around 220-points to 24,636 and the broader S&P 500 Index added nearly 23-points to 2,728. Meanwhile, tech-heavy Nasdaq Composite Index climbed over 65-points and jumped back above the 7,500 mark. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next US: ISM Manufacturing PMI improves to 58.7 in May to surpass market estimate of 58.1 FX Street 5 years Major US equity indices opened with solid gains on the last trading day of the week as investors cheered stronger-than-expected May jobs report. The US economy added 223K new jobs in May, which pushed the unemployment rate down to an 18-year low level of 3.8%. Meanwhile, wage growth was modest, with the yearly rate rising to 2.7% from 2.6%. Against the backdrop of receding fears about political turmoil in Italy, today's upbeat job figures boosted sentiment during the early hour and helped markets to recover from Thursday's selloff triggered by returning fears of a full-blown global trade war. … Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
