Updated .. "Dow Jones" is up 570 points, posting weekly gains
March 06, 2021 12:09 AM
Direct: US stock indices rose at the close of trading on Friday, as the Dow Jones rose by more than 570 points, achieving weekly gains.
The US stock market witnessed a volatile session with rising bond yields on the one hand, and employment data that supported optimism about the economic recovery on the other hand.
The monthly jobs report revealed that the US economy added 379,000 jobs, more than analysts' expectations during the past month, and the unemployment rate fell to 6.2 percent.
Wall Street's rise comes with a 10-year decline in the US Treasury bond yield, after it jumped 1.6 percent in trading.[ltr]
At the end of the session, the Dow Jones Industrial Average rose 1.8 percent, equivalent to 572 points, to reach the level of 31,496.3 points, recording weekly gains with a similar rate.Standard & Poor's rose 1.9 percent at 3891.9 points, to achieve a weekly gain of 0.8 percent.And the "Nasdaq" increased by 1.5 percent to the level of 12920.1 points, but recorded weekly losses by 2.1 percent.https://www.mubasher.info/news/3772661/%D9%85%D8%AD%D8%AF%D8%AB-%D8%AF%D8%A7%D9%88-%D8%AC%D9%88%D9%86%D8%B2-%D9%8A%D8%B1%D8%AA%D9%81%D8%B9-570-%D9%86%D9%82%D8%B7%D8%A9-%D9%84%D9%8A%D8%B3%D8%AC%D9%84-%D9%85%D9%83%D8%A7%D8%B3%D8%A8-%D8%A3%D8%B3%D8%A8%D9%88%D8%B9%D9%8A%D8%A9/