Wall Street rallied strongly after a positive US employment report

Major Stock Indices for Wall Street They closed higher on Friday thanks to positive employment numbers in the US, after a week marked by a strong increase in interest rates on US 10-year bonds.

The main index Dow JonesComposed of shares of 30 industrial giants, it rose 1.85% to 31,496.30 points, while the technology index rose Nasdaq The benchmark index rose 1.55% to 12,920.15 points Standard & Poor’s 500From 500 shares it rose 1.95% to 3,841.94 units.

The US economy created more jobs than expected in February thanks to easing measures against the Coronavirus, which heralds a sharp rise in consumption in the coming months.

The Labor Department reported Friday that 379,000 jobs were created in February and the unemployment rate decreased slightly to 6.2%.

The new hires were mainly in the hotel and entertainment sector, which has been hit hard by restrictions in the pandemic, which created 355,000 jobs in February.

Analysts were expecting a total of 200,000 new jobs.

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Aileen Morales

"Beer nerd. Food fanatic. Alcohol scholar. Tv practitioner. Writer. Troublemaker. Falls down a lot."

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