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US stocks fall despite strong employment statistics, dollar appreciation

New York, New York-Despite strong economic data, US stocks fell on Thursday and the US dollar was pushed up.

“A higher-than-expected US weekly unemployment report and May private salary figures indicate a stronger labor market situation, while service sector activity indicators have risen to record highs and a solid economic recovery. Shows. ” Reuters reported Thursday.

“Even though central bank officials have guaranteed opposition, strong data could allow the Federal Reserve to withdraw crisis support sooner than expected.”

The Nasdaq Composite had the worst results, down 141.82 points (1.03 percent) to 13,614.51.

The Dow Jones Industrial Average fell 23.34 points or 0.07% to 34,577.04.

The Standard and Poor’s 500 fell 15.27 points or 0.36 percent to 4,192.85.

The greenback appeared on the forex market. The euro plunged to 1.2131 as it approached New York’s closing price. The British pound fell to 1.4106. The Japanese yen fell to 110.25 and the Swiss franc fell to 0.9034.

The Canadian dollar has fallen to 1.2105. The Australian and New Zealand dollars fell to 0.7657 and 0.7140, respectively.

In overseas stock markets, the German stock index rose 0.19%. In London, the FTSE 100 fell 0.61%. Paris-based CAC 40 fell 0.21%.

In the Asian market, The Nikkei Stock Average in Tokyo was 111.97 points, or 0.39 percent 29,058.11 higher.

Australia’s All Ordinary rose 41.80 points (0.56%) to 7,510.70.

Meanwhile, China’s Shanghai Composite Index fell 0.36% to 12.93 points to 3,584.21.

US stocks fall despite strong employment statistics, dollar appreciation

Source link US stocks fall despite strong employment statistics, dollar appreciation

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