VEV - US Stocks Mixed; Jobs Figures Top Estimates For June | Benzinga
U.S. stocks traded mixed this morning, with the Nasdaq Composite gaining more than 50 points on Friday.
Following the market opening Friday, the Dow traded down 0.08% to 39,277.07 while the NASDAQ rose 0.33% to 18,248.86. The S&P 500 also rose, gaining, 0.12% to 5,543.56.
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Leading and Lagging Sectors
Communication services shares jumped by 0.9% on Friday.
In trading on Friday, energy shares fell by 0.4%.
Top Headline
Nonfarm payrolls increased by 206,000 last month, slowing down by 12,000 from May, but above economist expectations of 189,000, with predictions ranging from 150,000 to 237,000.
The unemployment rate ticked slightly higher from 4% to 4.1% against expectations of an unchanged reading. Average hourly earnings advanced by 0.3% on month-on-month basis, decelerating from May's 0.4%, in line with expectations.
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