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Economy: US stock markets rise significantly – oil prices continue to rise

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Economy: US stock markets rise significantly – oil prices continue to rise

New York (dts news agency) – The US stock markets rose sharply at the end of the week. At the end of trading in New York, the Dow was calculated at 38,904 points, an increase of 0.8 percent compared to the previous trading day. Previously, the broader S&P 500 was up 1.1 percent at around 5,204 points, while the Nasdaq technology exchange calculated the Nasdaq 100 was 1.3 percent higher at around 18,108 points.

In the afternoon, the US Department of Labor announced that the unemployment rate fell to 3.8 percent in March, after 3.9 percent in the previous month. According to the ministry, companies in the USA created around 303,000 new jobs outside of agriculture.

Against the background of a threatening escalation in the Middle East, the price of oil continues to rise: a barrel of the North Sea Brent variety cost 90.95 US dollars on Friday evening around 9 p.m. German time, which was 30 cents or 0.3 percent more than at the end of the previous trading day.

The European common currency trended slightly weaker on Friday evening. One euro cost 1.0836 US dollars (-0.02 percent), one dollar was therefore available for 0.9228 euros.

The Dow Jones is trading up +0.75% at 38,891PKT on Citigroup (April 5, 2024, 10:14 p.m.) at the time the news was published.

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