Xinhua
07 May 2021, 21:35 GMT+10
NEW YORK, May 7 (Xinhua) -- U.S. stocks climbed on Monday morning even after the nation's April employment report fell short of estimates.
Shortly after the opening bell, the Dow Jones Industrial Average rose 92.61 points, or 0.27 percent, to 34,641.14. The S&P 500 added 20.28 points, or 0.48 percent, to 4,221.90. The Nasdaq Composite Index increased 124.90 points, or 0.92 percent, to 13,757.74.
Ten of the 11 primary S&P 500 sectors advanced in morning trading, with health care and technology up 1.16 percent and 0.76 percent, respectively, leading the gainers. Financials slipped 0.3 percent, the lone declining group.
U.S. employers added 266,000 jobs in April, with the unemployment rate little changed at 6.1 percent, the Labor Department reported Friday.
Job gains were notable in leisure and hospitality, other services, and local government education, which were partially offset by employment declines in temporary help services and in couriers and messengers, according to the report released by the department's Bureau of Labor Statistics.
The April jobs report was weaker than Wall Street's expectations. Economists surveyed by Dow Jones and The Wall Street Journal had forecast 1 million new jobs.
On Thursday, U.S. equities closed noticeably higher with the Dow hitting new record, buoyed by solid gains in financials sector.
Get a daily dose of Indianapolis Post news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Indianapolis Post.
More InformationWASHINGTON, D.C.: Filmmaker Peter Jackson's lifelong fascination with the extinct giant New Zealand flightless bird called the moa...
NEW DELHI, India: India has submitted a revised proposal to the World Trade Organization (WTO) in Geneva to implement retaliatory tariffs...
SAN FRANCISCO, California: Nvidia, the Silicon Valley chipmaker at the heart of the artificial intelligence boom, this week briefly...
REDMOND, Washington: Artificial intelligence is transforming Microsoft's bottom line. The company saved over US$500 million last year...
WASHINGTON, D.C.: A federal rule designed to make it easier for Americans to cancel subscriptions has been blocked by a U.S. appeals...
BASTROP, Texas: In a surprising turn at Elon Musk's X platform, CEO Linda Yaccarino announced she is stepping down, just months after...
DUBAI, U.A.E.: A cargo ship flagged under Liberia, known as the Eternity C, sank in the Red Sea following an attack executed by Yemen's...
WASHINGTON, D.C.: The Trump administration has started sending some weapons to Ukraine again, just a week after the Pentagon told officials...
ECAULT BEACH, France: On clear days, the white cliffs of the United Kingdom, are visible from northern France, where men, women, and...
ATLANTA, Georgia: The United States is facing its worst measles outbreak in more than three decades, with 1,288 confirmed cases so...
In the past month alone, 23 Israeli soldiers have been killed in Gaza—three more than the number of remaining living hostages held...
LONDON, U.K.: At least 13 people are believed to have taken their own lives as a result of the U.K.'s Post Office scandal, in which...