American equity markets barrel higher on US payrolls

FXstreet.com (Barcelona) - The US stock surged Friday after upbeat US economic data. In the United States, Nonfarm Payrolls (April) came in at 165K, vs. a projection of 145K, and compared to 88K previously. In addition, the Unemployment Rate (April) came in at 7.5%, against expectations of 7.6%.

Beginning with the indices and composites, the NASDAQ rose +1.26% as it settles in region of 3382.80, up +42.18 points in these moments. In addition, the S&P 500 is trading in positive territory, operating at 1588.50, ascending +16.96 points or 1.06% at the time of writing. Finally, the Dow Jones has edged higher at the opening, trading in the zone of 14976.06, presently +0.97% after a movement of +144.98 points.

Sectors are all positive at the opening, however the Basic Materials and Capital Goods sectors have distinguished themselves as the winners thus far, rising +2.08% and +1.88% respectively. In other news, the price of crude is testing USD $95.21/bbl Friday.