[뉴욕증시] Dow index surges on job recovery… S&P 500 index energy sector surges 3.9%

The leading index in the US New York Stock Market whistled.

The U.S. New York Stock Market closed on the 5th (local time) with a partial recovery of the decline this week with positive signals such as easing the rebound in bond yields and an increase in the number of jobs beyond expectations.
On the New York Stock Exchange (NYSE), the Dow Jones 30 Industrial Average rose 572.16 points (1.85%) to 31,496.30 compared to the previous year.

The Standard & Poor’s (S&P) 500 index closed at 3841.94, up 73.47 points (1.95%).

The technology stock-oriented NASDAQ index closed at 12,920.15, up 196.68 points (1.55%). At one time during the week, the Nasdaq index fell to 11,2397.54, making the market unstable, but Apple and Microsoft rose 3.1% and 2.2%, respectively, to stop the decline.

The US Department of Labor announced that the number of jobs increased by 379,000 in February. This is more than twice the market expert’s estimate of 182,000.

In the monthly employment report released on the same day, the Ministry of Labor said, “As employment is restored, the unemployment rate has decreased from 6.3% (as of January) to 6.2%.” This is a significant decrease from the unemployment rate of 14.8% in April last year, when the spread of Corona 19 began in earnest.

As restaurants, pubs, and other leisure and hospitality facilities reopened, jobs across the country were found to have increased.

According to a report from the Ministry of Labor, 286,000 jobs were created as the restrictions on restaurants and pubs were eased, especially in California.

As several states, including Texas, have announced that they will fully resume economic activity from this week, jobs are expected to increase steadily over the course of several weeks.

The energy sector in the S&P 500 index surged 3.9% on news of job growth, a record high since last November.

American investment firm Ameribet Securitys analyzed that “the Ministry of Labor’s employment report confirms that the economic resumption will further expand.”

Ongidong Global Economic Reporter [email protected]