Wall Street, taking advantage of job report, ends up

Wall Street finished higher on Friday, satisfied by a monthly report on US employment eclipsing the punitive trade tax announcements between the US and China.

According to final results at closing, its index star, the Dow Jones Industrial Average, took 0.41% to 24,456.48 points.

Nasdaq, with a strong technology component, advanced 1.34% to 7,688.39 points.

The index widened S & P 500 rose 0.85% to $ 2,759.82.

Over the week the Dow Jones took 0.76%, the Nasdaq 2.37% and the S & P 500 1.52%.

Although the unemployment rate rose from 3.8% in May to 4% in June, job creation was stronger than expected at 213,000, while badysts expected 195,000, according to figures released Friday by the Ministry of Labor.

In addition, the average hourly wage, particularly watched as the US central bank (Fed) wants jugula r any acceleration in inflation rose only 0.2% to $ 26.98, bringing the increase over one year to 2.7%. On the month, the rise is lower than the expectations of badysts, who expected 0.3%, as in May.

"This is positive news as there is no acceleration of wages and so no pressure on the Fed to adopt a more aggressive stance on key rates, "said Tom Cahill of Ventura Wealth Management.

Rate increases raise borrowing costs for US households and businesses.

On the other hand, "many people are returning to the labor market, which is good news," said Phil Davis of PSW Investments

The participation rate in the labor market has actually increased by 0, 2 percentage point, to 62.9%.

"This will ultimately mean more people employed, consumption rising, and we know how important consumption is for the US economy," noted M. Cahill

The market has come back he reacted little to the long-awaited announcement of increased customs duties on several billion dollars of Chinese imports into the United States, and a similar measure taken immediately by Beijing.

The market had "already integrated (these sanctions) the prices for several weeks, "said Mr. Cahill.

Chinese companies listed on Wall Street have not suffered, Alibaba taking 2.88% to 192.27 dollars and Baidu 3.15% to 251, $ 77.

Among the other values, Biogen pharmaceutical group jumped (+ 19.63% to $ 357.48) after announcing the positive results of a study it conducts with its Japanese partner Eisai on the Alzheimer's disease.

Technology stocks were among the biggest gains on Wall Street, Facebook taking 2.41% to 203.23 dollars, Apple 1.39% to 187.97 dollars, Twitter 3.53% at $ 46.65 and Netflix 2.47% to $ 408.25.

The bond market was progressing: the re The decline in US 10-year debt fell at around 8:45 pm GMT to 2.819 percent from 2.829 percent on Thursday night, and the 30-year-old debt was down to 2.929 percent from 2.945 percent at the previous closing.