Jobs figures lifted Wall Street – Dagens Industri

Jobs Figures lifted Wall Street

                  2015-05-08 22:05
             

Positive jobs data gave good momentum in US stocks after a halvseg week. Employment in the US rose in April by 223,000 people, which was in line with expectations. Meanwhile, the unemployment rate fell to 5.4 percent – the lowest level since May 2008.

There is every indication that the US central bank will raise interest rates later this year. Microsoft and McDonald’s was a couple of heavyweights climbed. Hamburger giant reported global sales figures that were better than expected in April, and its shares rose 1.5 percent.

The Dow Jones Industrial Index went up 1.5 percent, while the Nasdaq composite index rose 1.2 percent.