Open Demo Account
Home / Market Update / Global Stock Market / NYSE Records Strong Weekly Gains

NYSE Records Strong Weekly Gains

M. Ali 3 July, 2020 1:01 am Global Stock Market, Market Update

The New York Stock Exchange (NYSE) closed the week on high gains before a three-day weekend, with investors growing optimistic about a potential vaccine for the coronavirus (COVID-19).

The Dow Jones Industrial Average closed higher by 0.36% to 25,827.36, while S&P 500 gained 0.45% to settle at 3,130, and the NASDAQ Composite increased by 0.52% to 10,207.6.

Stocks were supported by a positive economic data, after the US Non-Farm Payrolls (NFP) report, released earlier by the United States Bureau of Labor Statistics, showed an increase of 4.8 million jobs in June, beating market forecasts.

Data by the US Commerce Department indicated that new factory orders in the United States increased during May by 8% on a monthly basis.

Tags

Check Also

Oil Prices End Higher as Holiday Trading and Geopolitical Risks Support the Market

Oil prices closed higher as traders positioned ahead of the U.S. holiday weekend, with lingering …

This site contains information and opinions for the purpose of providing only general information and can not be relied upon. The information and opinions contained in this Site shall in no way constitute an offer or solicitation to buy, sell or subscribe to any investment product. Users of this site shall bear any risks arising from the use of any information, opinion, program, service or material. Noor Trends reserves the right to make any change to the Site, the information, opinions, materials, products, programs, services or prices (if any) at any time without notice.
All copyrights reserved Noor Trends