Wall Street opens mostly flat after US jobs data

Friday, 05. October 2018 15:31

Wall Street opened mostly flat on Friday after it was revealed the jobless rate in the United States hit a 49-year low at 3.7% last month. The US economy created 134,000 new jobs in September, lower than expected, while hourly wages rose 0.3% to $27.24. Meanwhile, the US trade deficit widened to $53 billion amid the ongoing trade war with China.

The Dow Jones and the S&P 500 opened flat, while the Nasdaq 100 started off 0.11% in the red before all three indices turned green. The Dow was up 0.14% at 3:46 pm CET as McDonald's added 0.75%. Meanwhile, the S&P 500 gained 0.25% at the same time, led higher by General Electric soaring 3.55%. The Nasdaq 100 advanced 0.22% with BioMarin Pharmaceutical leading the gainers as it rose 2.66%. The euro traded 0.17% higher against the dollar at 3:49 pm CET, buying 1.15341.

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Author:
Breaking the News / JC