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The Economic Times

Business

US stocks: US stocks rise as surprise payrolls decline cools rate-hike fears

United States Nasdaq Dow US Federal Reserve Dow Jones Industrial Average LSEG

US stock indexes advanced on Friday after data showed the economy unexpectedly lost jobs in July, reducing expectations of a Federal Reserve interest-rate hike in September, Reuters reported.

The Dow Jones Industrial Average rose 55.37 points, or 0.10%, to 53,940.47. The S&P 500 gained 18.87 points, or 0.25%, to 7,728.83, while the Nasdaq Composite added 181.72 points, or 0.69%, to 26,530.07.

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