12:06
Traffic jam:   4
$
92.5919
100.2704

American stock indices rose 0.3-0.6%

8 February 2021
3327
2 min.
14
American stock indices rose 0.3-0.6%

Rising value of indices

The US stock market surged in trading on Friday, with the S&P 500 and Nasdaq indices reaching record highs. By the end of last week Dow Jones indicator rose by 3.9%, the highest since the week ended November 13, notes MarketWatch. The S&P 500 and Nasdaq added 4.7% and 6%, respectively, ending the week with the biggest gains since the week ended Nov. 6.

According to data released by the US Labor Department on Friday, the number of jobs in the economy increased by 49,000 in January. Unemployment in the country last month fell to 6.3%.

The US Senate approved a budget resolution that would pass President Joe Biden's $1.9 trillion stimulus package without Republican support.

The US trade deficit in December 2020 was $66.6bn, compared with a revised November figure of $69bn, data from the country's Commerce Department showed. Experts polled by Trading Economics on average expected the US foreign trade deficit to decrease to $65.7bn from the previously announced $68.1bn in November.

The Dow Jones Industrial Average index rose 92.38 points (0.3%) to 31148.24 points.

The Standard Poor's 500 rose 15.09 points (0.39%) to 3,886.83 points.

The Nasdaq Composite added 78.55 points (0.57%) to 13856.3 points.

Estee Lauder (NYSE:EL) Cos. shares gained 7.8% on Friday.

Regeneron Pharmaceuticals Inc. stock price was up less than 0.1 percent.

Shares of GameStop Corp (NYSE:GME). added 19.2%. Stock trading platform operator Robinhood Markets Inc. lifted restrictions on the company's stock trading on Thursday.

Johnson & Johnson (NYSE:JNJ)'s market value rose 1.5%. The company applied to the US Food and Drug Administration (FDA) on Thursday for emergency approval of its single-dose vaccine against COVID-19.

T-Mobile US Inc. shares were down 4.1 percent. The telecom operator reported net income of $0.6 per share in the last quarter. However, the company warned that it will incur additional costs this year due to the integration of former Sprint customers, with whom T-Mobile merged last year.

The share price of Peloton Interactive Inc. is down 5.9%, although the simulator maker reported net income of $0.18 for the second fiscal quarter.

Persons1 and Companies13 in the news

46th President of the United States
1 place
Estee Lauder
3 place
Robinhood
4 place
GameStop
5 place
MarketWatch
7 place
Nasdaq
10 place
Dow Jones
11 place
T-Mobile
13 place
Section:

Discussion

Rating companies
Tesla
14 Mention
Instagram
13 Mention
JP Morgan Chase
12 Mention
Walt Disney Company
12 Mention
Ford Motor Company
10 Mention
Netflix
10 Mention
Amazon
9 Mention

NEW YORK NEWS

News from GlobalNY.biz is the freshest and most relevant information about high-profile events in the region. The task of the resource's news feed is to convey to readers with maximum accuracy and objectivity information about important events in business, politics, economy, healthcare, culture and other spheres of life in New York.
GlobalNY.biz news is a coverage of economic processes taking place in New York, the latest news of public life, incidents and an overview of political events. New York news is information about the activities of small and medium-sized businesses, the work of housing and communal services and utilities, the implementation of significant projects.
The site's journalists describe not only the life of the region, but also talk about the current state of the US economy. Everything you need to know about innovations in the field of industry and agriculture, economy and power is collected in the "News" section at GlobalNY.biz.
New York news quickly informs the reader, shows the real picture and opens up hot topics. Communication with government structures and business enables us to provide our readers with reliable, information-rich material. The main page of the portal contains the key news of New York!
Alena Potapova

Development Director
Population
8112611068
Died this year
14238678
Born this year
35029668