Markets Right Now: Strong hiring news sends stocks higher
Posted February 3, 2017 9:41 am.
Last Updated February 3, 2017 10:20 am.
This article is more than 5 years old.
NEW YORK, N.Y. – The latest on developments in financial markets (All times local):
9:35 a.m.
Stocks rose in early trading after the government reported that U.S. employers stepped up their hiring last month.
The gain of 227,000 jobs in January was the biggest increase since September, the Labor Department reported early Friday.
The unemployment rate also edged higher because more Americans were looking for work.
Visa jumped 4 per cent in early trading after the giant payment processing company reported earnings and revenue that easily beat analysts’ forecasts.
The Standard & Poor’s 500 index rose 9 points, or 0.4 per cent, to 2,290.
The Dow Jones industrial average rose 101 points, or 0.5 per cent, to 19,983. The Nasdaq composite increased 18 points, or 0.3 per cent, to 5,654.
Bond prices rose. The yield on the 10-year Treasury note fell to 2.45 per cent.
