Wall Street opens positive session amid optimism about ongoing trade talks between Beijing and Washington
NEW YORK (Reuters) - US stocks opened their second trading session this week on green for the third consecutive session on Wall Street following economic developments and data followed Tuesday by the world's largest economy and coinciding with the ongoing trade talks between Washington and Beijing at the level of China's deputy trade ministers The world's largest economy.
The US economy released a statistical reading on employment and employment turnover, which showed a drop to 6.89 million from 7.13 million in October, worse than forecasted at 7.07 million. This came hours after the release of labor market data, Unemployment for the first time in four months to 3.9% compared to the previous reading for November and expectations of the lowest since 1969 at 3.7%.
In the same vein, the average hourly earnings reading last Friday showed growth accelerated to 0.4% from 0.2% in November, above expectations of 0.3%. The Non-Farm Sector Job Change Index showed faster job creation to 312 A added job versus 176,000 jobs added in November, beating expectations of 179,000 added jobs.
Otherwise, we have followed. Chinese Foreign Ministry spokesman Lu Kang told a press conference earlier in Beijing that China-US trade talks are still under way and that a detailed reading will be issued after they are finalized, while no details have been provided if The United States would not have issued a statement on the talks either.
US Trade Secretary Wilbur Ross noted earlier this week that the United States and China are likely to reach a good settlement on the issues of direct trade, while agreeing on the structure and implementation of trade issues is difficult, adding that Beijing's real problem lies in its promises to What has been agreed upon, adding that China is currently aware of the extent of dependence of the economy on the United States of America.
At 3:22 pm GMT, the broader S & P 500 index was up 0.34 percent to 8.78 points to 2,558.47 points. The Dow Jones industrial average <.DJI> was up 0.65 percent after gaining 153.71 points 23,685.06 points.
On the other hand, the Nasdaq Composite Index gained 0.22% after rising 15.31 points to 6,838.78 points.