At the close of U.S. trading, the Dow Jones Industrial Average finished up 0.49%, the S&P 500 index rose 0.57%, while the Nasdaq Composite index rose 0.24%.
Stocks advanced after the Department of Labor said the U.S. economy added 148,000 jobs in September, well below expectations for an increase of 180,000. The previous month's figure was revised up to a gain of 193,000 from a previously reported increase of 169,000.
July's figure was revised down to 89,000 from 104,000.
The unemployment rate ticked down to a four-and-a-half year low of 7.2% from 7.3% in August due in part to more people dropping out of the labor force, which also weighed on the greenback.
The disappointing data fueled expectations for the Federal Reserve to continue stimulating the economy to boost job creation by buying bonds each month.
The Fed is currently purchasing USD85 billion in Treasury holdings and mortgage debt a month to boost the economy, a monetary policy tool known as quantitative easing that drives down interest rates to spur recovery and job creation, boosting stock prices in the process.
Fed officials have said they would pay close attention to economic indicators before deciding on the fate of monetary stimulus programs.
Market talk grew on Tuesday after the jobs report that the Fed won't announce a start date to begin tapering asset purchase until well into 2014, possibly as late as March or even June by some estimates.
Leading Dow Jones Industrial Average performers included Walt Disney, up 2.06%, Procter & Gamble, up 1.80%, and Caterpillar, up 1.65%.
The Dow Jones Industrial Average's worst performers included Cisco, down 1.24%, Microsoft, down 1.19%, and United Technologies, down 0.96%.
European indices, meanwhile, finished higher.
After the close of European trade, the EURO STOXX 50 rose 0.47%, France's CAC 40 rose 0.43%, while Germany's DAX 30 rose 0.90%. Meanwhile, in the U.K. the FTSE 100 finished up 0.62%.
Investing.com offers an extensive set of professional tools for the financial markets.
Read more News on Investing.com and download the new Investing.com Stocks & Finance App for Android!
Anda sedang membaca artikel tentang
U.S. stocks gain on expectations for loose Fed stance; Dow gains 0.49%
Dengan url
http://efektifkesehatan.blogspot.com/2013/10/us-stocks-gain-on-expectations-for.html
Anda boleh menyebar luaskannya atau mengcopy paste-nya
U.S. stocks gain on expectations for loose Fed stance; Dow gains 0.49%
namun jangan lupa untuk meletakkan link
U.S. stocks gain on expectations for loose Fed stance; Dow gains 0.49%
sebagai sumbernya
0 komentar:
Posting Komentar