Markets Right Now: Stocks surge on trade talks, jobs report
Posted January 4, 2019 6:41 am.
This article is more than 5 years old.
NEW YORK — The latest on developments in financial markets (all times local):
9:35 a.m.
Stocks are jumping at the open on Wall Street Friday as investors welcome news of trade talks between the U.S. and China and a big gain in jobs in the U.S.
The Dow Jones Industrial Average rose 308 points, or 1.4 per cent, to 22,994. The S&P 500 gained 34 points, or 1.4 per cent, to 2,482.
The Nasdaq rose 96 points, or 1.5 per cent, to 6,559.
The U.S. government said employers added 312,000 jobs last month. The strong showing could allay concerns about an economic slowdown in the U.S. Those concerns, along with a weak revenue forecast from Apple, contributed to steep losses in stocks Thursday.
Most overseas markets rose after China’s Commerce Ministry said trade talks between the U.S. and China will be held Monday and Tuesday in Beijing.
Bond prices dropped as investors turned back to riskier investments. The yield on the 10-year Treasury surged to 2.64 per cent.
The Associated Press
