Job data pushed Dow higher
Posted by | Posted in Business News | Posted on 08-07-2011
NEW YORK, July 7 (UPI) — U.S. markets moved higher Thursday after Automatic Data Processing Inc. said 157,000 jobs were added to the economy in June.
ADP tracks private sector jobs and releases its report earlier in the week than the Labor Department releases a highly anticipated report that includes private sector and government jobs.
By close of trading on Wall Street, the Dow Jones industrial average added 93.47 points or 0.74 percent to 12,719.49. The Standard & Poor’s 500 index gained 14.00 or 1.05 percent to 1,353.22. The Nasdaq composite index rose 38.64 or 1.36 percent to 2,872.66.
The benchmark 10-year treasury note lost 8/32 to yield 3.14 percent.
The euro rose to $1.436 from Wednesday’s $1.4319. Against the yen, the dollar rose to 81.24 yen from Thursday’s 80.91 yen.
In Tokyo, the Nikkei 225 index lost 0.11 percent, 11.34, to 10,071.14.
In London, the FTSE 100 index added 0.86 percent, 51.63, to 6,054.55.
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