US stocks add to earnings before the release of the employment report



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The shares are expected to add gains for a third consecutive day before the August employment report, which will be released Friday morning.

Dow Industrial futures were up 0.3%, S & P 500 futures 0.3% and Nasdaq futures 0.1%.

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All eyes will be on the Ministry of Labor's August employment report on Friday morning, as investors sought to gauge the strength of the labor market, as signs of lingering weakness continued to surface. the other pillars of the American economy.

As the United States continues its longest-ever economic expansion, analysts surveyed by Refinitiv expect the economy to have created 158,000 jobs in August, a healthy number that is just below the average growth of 165,000 jobs.

The unemployment rate, meanwhile, is expected to remain stable at 3.7% for the third consecutive month, near an all-time low for 50 years.

At the session on Thursday, the S & P 500 rose 1.3%, the Dow Jones 1.4% and Nasdaq 1.8%.

Teleprinter security Latest Change % Chg
I: DJI DOW JONES MEANS 26728.15 +372.68 + 1.41%
SP500 S & P 500 2976 +38.22 + 1.30%
I: COMP COMPOUND INDEX NASDAQ 8116.828205 +139.95 + 1.75%

Inventories jumped in ADP's national employment report, which shows that private sector hiring has rebounded from 195,000 people, exceeding expectations by 149,000.

European equities changed little on Friday after two earnings sessions.

Asian equities advanced on Friday as investors welcomed the plans for deeper trade talks between Washington and Beijing and encouraged positive economic data in the US.

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Japan's benchmark, Nikkei, ended the day up 0.5% and 2.4% for the week. Hong Kong's Hang Seng closed up 0.7% and added 3.8% for the week. The Shanghai Composite of China finished up 0.5% and 3.9%, its best week since the end of June.

Associated Press contributed to this article.

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