Thursday, January 18, 2018

U.S. stocks up, jobs added, price of oil steadies


Friday, May 5, 2017
by THE ASSOCIATED PRESS

NEW YORK — U.S. stocks are rising Friday after the government said hiring bounced back in April. That suggests the economy should start growing faster in the next few months after a sluggish start to the year.

Employers in the United States added 211,000 jobs in April, according to the Labor Department. That was a relief to investors who were concerned about slower hiring and economic growth over the first three months of the year because. Wages grew at a slower pace, however.

Employers in the United States added 211,000 jobs in April, according to the Labor Department. That was a relief to investors who were concerned about slower hiring and economic growth over the first three months of the year because. Wages grew at a slower pace, however.

Meanwhile, energy companies bounced back as the price of oil steadied. After steep losses the last two days, benchmark U.S. crude oil rose 19 cents to $45.71 a barrel in New York. Brent crude, the standard for international oil prices, added 28 cents to $48.66 a barrel in London. Oil prices have fallen hard as investors wonder if OPEC will extend a deal that trimmed oil production.

Finally, the dollar rose to 112.55 yen from 112.42 yen. The euro dipped to $1.0979 from $1.0981.

 

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