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6/4, 3:31 PM (Source: TeleTrader)
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US opens higher on jobs growth data

United States major equity markets turned to gains at the opening bell on Friday after closing the previous session in the red. Bureau of Labor Statistics reported a nonfarm employment increase of 559,000 in May. Despite the figure being lower than expected, investors see it as a sign that the Federal Reserve will continue its supportive measures since Fed officials have shared before that the state of labor markets is a determining indicator for future adjustments.

The Dow opened 0.37% higher with Dow Inc increasing by 0.52%, while the S&P 500 climbed 0.49% as PTC gained 1.87%. The Nasdaq 100 grew 0.64% led by DocuSign jumping 9.31%.

The euro advanced by 0.40% against the dollar to exchange hands for $1.21751 at 9:30 am ET.

Breaking the News / LH