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24 Dec 2014
US stocks extend gains on upbeat weekly jobs report
FXStreet (Mumbai) - The stock markets in the US advanced today, extending the upward trend seen over the past few sessions after the labor department released an upbeat weekly jobs data.
At the time of writing, the DJIA traded 0.22% higher at 18063.50, while the S&P 500 is up 0.15% at 2085.20 levels. Meanwhile, the NASDAQ has gained 0.34% to trade at 4294.11 levels, while the Midcap Russell 2000 advanced 0.45% to 1207.85. The buying interest was generated by the labor department report, which showed initial jobless claims fell to 280,000, a decrease of 9,000 from the previous week's unrevised level of 289,000.
Among stocks, Nike is the top gainer, up 1.33%, followed by a 1.23% rise in Boeing. Other majors gainers are Cisco, Visa, and American Express. Meanwhile, Exxon Mobil and Chevron are the top losers for the day, each down by 1.57%. Other major losers are General Electric, Microsoft, and DuPont.
Despite the upward momentum on Wall Street, overall trading activity may be somewhat subdued amid the holiday-shortened Christmas Eve session.
At the time of writing, the DJIA traded 0.22% higher at 18063.50, while the S&P 500 is up 0.15% at 2085.20 levels. Meanwhile, the NASDAQ has gained 0.34% to trade at 4294.11 levels, while the Midcap Russell 2000 advanced 0.45% to 1207.85. The buying interest was generated by the labor department report, which showed initial jobless claims fell to 280,000, a decrease of 9,000 from the previous week's unrevised level of 289,000.
Among stocks, Nike is the top gainer, up 1.33%, followed by a 1.23% rise in Boeing. Other majors gainers are Cisco, Visa, and American Express. Meanwhile, Exxon Mobil and Chevron are the top losers for the day, each down by 1.57%. Other major losers are General Electric, Microsoft, and DuPont.
Despite the upward momentum on Wall Street, overall trading activity may be somewhat subdued amid the holiday-shortened Christmas Eve session.