U.S. stocks traded mixed this morning, with the Nasdaq Composite gaining more than 50 points on Friday.
Following the market opening Friday, the Dow traded down 0.08% to 39,277.07 while the NASDAQ rose 0.33% to 18,248.86. The S&P 500 also rose, gaining, 0.12% to 5,543.56.
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Leading and Lagging Sectors
Communication services shares jumped by 0.9% on Friday.
In trading on Friday, energy shares fell by 0.4%.
Top Headline
Nonfarm payrolls increased by 206,000 last month, slowing down by 12,000 from May, but above economist expectations of 189,000, with predictions ranging from 150,000 to 237,000.
The unemployment rate ticked slightly higher from 4% to 4.1% against expectations of an unchanged reading. Average hourly earnings advanced by 0.3% on month-on-month basis, decelerating from May’s 0.4%, in line with expectations.
Equities Trading UP
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Commodities
In commodity news, oil traded down 0.1% to $83.80 while gold traded up 0.1% at $2,370.70.
Silver traded up 0.1% to $30.845 on Friday, while copper rose 3.4% to $4.6870.
Euro zone
European shares were mixed today. The eurozone’s STOXX 600 rose 0.3%, Germany’s DAX rose 0.8% and France’s CAC 40 climbed 0.3%. Spain’s IBEX 35 Index fell 0.4%, while London’s FTSE 100 fell 0.1%.
Retail sales in the Eurozone rose 0.1% month-over-month in compared to a revised 0.2% decline in April. UK’s Halifax House Price Index rose 1.6% year-over-year in June, while French trade deficit increased to €8 billion in May versus a revised €7.5 billion in the prior month. German industrial production fell by 2.5% month-over-month for May.
Asia Pacific Markets
Asian markets closed lower on Friday, with Japan’s Nikkei falling 0.01%, Hong Kong’s Hang Seng Index declining 1.27%, China’s Shanghai Composite Index falling 0.26% and India’s S&P BSE Sensex declining 0.07%.
The index of leading economic indicators in Japan rose to 111.1 in May from 110.9 in the earlier month, while index of coincident economic indicators increased to 116.5 from115.2. Household spending in Japan fell by 1.8% year-over-year in May.
Economics
Nonfarm payrolls increased by 206,000 last month, slowing down by 12,000 from May, but above economist expectations of 189,000, with predictions ranging from 150,000 to 237,000.
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