2011/1/5

Positive jobs data boost stocks rose in New York

According to U.S. research company Automatic Data Processing (ADP) reported data, in December last year, the U.S. private sector to increase 297,000 jobs, nearly 3 times the market expected, but the data from the largest since 2000 monthly statistics increase. Unexpectedly large increase in employment data boosted investor on the 7th of December the upcoming employment report's confidence, so encouraged by the market sentiments.

Currently, economists widely expect the U.S. in December a total of 140,000 jobs added, while the overall unemployment rate fell to 9.8% from the previous 9.7%.

In addition, the Institute for Supply Management (ISM) report released the same day, the U.S. ISM services sector index in December was 57.1 points, also higher than analysts expected.

New York stock markets closed, the Dow Jones average of 30 industrial stock price index rose 31.71 points the previous trading day to close at 11,722.89 points, or 0.27%. Standard & Poor's 500 index rose 6.36 points to close at 1276.56 points, or 0.50%. The Nasdaq composite index rose 20.95 points to close at 2702.20 points, or 0.78%.