Wall Street Ends Up; Jobs Data Points To Economic Strength - Dollar Advisory & Financial Services

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Saturday 11 March 2017

Wall Street Ends Up; Jobs Data Points To Economic Strength

US stocks rose on Friday after a solid jobs report pointed to strength in the domestic economy and supported expectations the Federal Reserve will raise interest rates next week. 

Indexes ended lower for the week, however, with the S&P 500 and Nasdaq breaking a six-week streak of gains. 

Government data showed 235,000 jobs were added in the public and private sectors in February, far exceeding economists' average estimate of 190,000. 

Fed Chair Janet Yellen signalled last week the US central bank is set to raise rates this month if employment and other economic data hold up. 

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