US stocks index surge after positive data

June 10, 2013 7:03 am

After Friday’s positive data for the non-farm payrolls change US stocks indexes went up reaching monthly high and giving the investors mixed signals of what the Fed would do to the stimulus program.

Dow Jones Industrial Average posted its second sharpest raise this year. S&P 500 also rose significantly and Nasdaq Composite remained unchanged. The vast gains came following news from US government of economy adding 175 000 jobs for the last month, slightly higher than estimates.

Last week was unexpectedly low for the indexes, however Friday’s increase offset them and as a result left economy almost unchanged. Dow Jones Industrial added 1.38% which is just 1% less than its year highest. S&P 500 followed with 1.28%.

Almost all US sectors saw their stocks turning green on Friday. Financial companies were among the top gainers as Morgan Stanley surged 6.25%, Goldman Sachs added 3.96% and Berkshire Hathaway surged by 1.95%.

In tech corporate news, a company called Textura Corp. which makes web-hosted software for contractors and construction firms jumped by 39% to $20.91 per share from previous price of $5.91. Tech giants as Microsoft and Google climbed by 2.03% and 1.74%, respectively.

Consumer services also reported stable gains as Amazon.com Inc grew by 3.37%.

Obviously, the Friday’s report for non-farm payrolls growth has been vastly influencing all sectors of the economy. Today the Saint Luis Fed President would make his statement of recent economic changes and Fed future stimulus policy.

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