Wall Street closes in green after positive data

Thursday, 05. December 2019 22:00

Shares on Wall Street finished the session in the green on Thursday as investors absorbed strong employment data while observing United States-China trade negotiations.

Initial jobless claims in the US for the week ending December 1 fell by 10,000 to 203,000. The US Census Bureau and the US Bureau of Economic Analysis reported that the US international goods and services trade deficit narrowed to stand at $47.2 billion in October. Also, the US factory orders rose 0.3% in October after the two consecutive months of decline.

Meanwhile, US President Donald Trump hinted that "something could happen" with tariffs on Chinese goods set to take effect on December 15.

The Dow Jones Industrial was up 0.10%. Nike Inc. was the best performer, growing by 2.26%. The Nasdaq 100 increased by 0.14% with Biogen advancing 3.41%. The S&P 500 rose 0.15% as PVH Corp jumped 3.47%.

The euro was flat against the greenback at 4:01 pm ET, to change hands for $1.11044. The pound was flat as well selling for $1.31594 at the same time.

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Breaking the News / TF