US STOCKS-Stellar jobs data helps Wall St recoup Brexit losses

viernes 8 de julio de 2016 13:14 GYT
 

* 287,000 jobs added in June, beating estimates

* S&P 500 9 points shy of record high

* Three major indexes on track to close week higher

* Indexes up: Dow 1.24 pct, S&P 1.33 pct, Nasdaq 1.47 pct (Updates to early afternoon)

By Yashaswini Swamynathan

July 8 (Reuters) - Wall Street rallied on Friday to recover all of its post-Brexit losses after data showed the best U.S. job growth in eight months in June.

After a dismal report for May that raised concerns about the health of the economy, employers added 287,000 jobs in June, beating market expectations for the first time in four months.

Analysts on average had expected the economy to add 175,000 jobs last month.

The June data suggested that May was an aberration and not indicative of weakness in the labor market that could further delay an interest rate hike by the Federal Reserve.   Continuación...