US stock indices rose during on Friday as markets assessed the monthly jobs report, which showed an increase in the unemployment rate to the highest level in two and a half years (4.1%), bolstering expectations of an imminent interest rate cut.
The Dow Jones Industrial Average advanced 67 points, or 0.15%, closing at 39,375 points. The index posted weekly gains of 0.65%.
The S&P 500 index ended at a record level at 5,567, adding 30 points, or 0.55%. The index rose 1.95% during the week.
The Nasdaq Composite Index gained 164 points, or 0.9%, to end at a record high of 18,352, posting a weekly rise of 3.5%.
Elsewhere, the STOXX Europe 600 Index eased 0.2% to 516.6 points. However, the index recorded a weekly rise of 1%.
Germany’s DAX 40 Index edged up 0.15% to 18,475 points. FTSE 100 closed 0.45% higher at 8,203 points. France’s CAC 40 Index closed 0.25% down at 7,675 points.
The Nikkei 225 was flat at 40,912 points. TOPIX also shed 0.5% to 2,884 points. Both indices posted weekly gains of 3.55% and 2.65%, respectively.
Brent crude futures for September delivery fell by 0.9%, or 80 cents, to $86.54 per barrel, although it achieved a weekly gain of 1.8%.
Meanwhile, the price of US Nymex crude for August delivery decreased by 0.85% or 72 cents, to $83.16 per barrel, but it recorded a weekly gain of 2%.
The prices of gold for August delivery rose by 1.2% or $28.3, reaching $2,397.7 per ounce, achieving a weekly gain of 2.5%.
The jobs report released by the Department of Labor showed that non-farm jobs increased by 206,000 in June, with a downward revision of about 111,000 jobs for April and May data. Wages increased by 3.9% over 12 months, marking the slowest pace in 3 years.
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