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Stock rally flags after strong US data, bond yields rise


  • Markets
  • Saturday, 2 Feb 2019

The Dow Jones Industrial Average rose 64.22 points, or 0.26 percent, to 25,063.89. The S&P 500 gained 2.43 points, or 0.09 percent, to 2,706.53 and the Nasdaq Composite dropped 17.87 points, or 0.25 percent, to 7,263.87. MSCI's gauge of stocks across the globe rose 0.02 percent and emerging market stocks fell 0.03 percent.

The Dow Jones Industrial Average rose 64.22 points, or 0.26 percent, to 25,063.89. The S&P 500 gained 2.43 points, or 0.09 percent, to 2,706.53 and the Nasdaq Composite dropped 17.87 points, or 0.25 percent, to 7,263.87. MSCI's gauge of stocks across the globe rose 0.02 percent and emerging market stocks fell 0.03 percent.

NEW YORK: Bond yields rose and stock markets mostly edged higher on Friday after U.S. employment and manufacturing data underscored a strong economy with little wage inflation, but a gloomy outlook from Amazon.com gave investors pause.

U.S. job growth surged in January, with employers hiring the most workers in 11 months, the Labor Department said, pointing to underlying strength in the economy despite an uncertain outlook that has left the Federal Reserve wary about more interest rate hikes this year.

Markets , Corporate News

   

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