The markets closed higher for a third consecutive day as investors react to the disappointing jobs report released this morning. The US economy added 130,000 jobs in August while unemployment remained steady at 3.7%. Wages grew more than expected, expanding by 3.2% year over year. Investors now look for clues about the Federal Reserve’s next monetary policy move later this month. At the end of the day, stocks logged a positive week after the US and China agreed to hold high-level trade talks in early October. Here’s a look at how Wall Street closed the day:
DOW +69 at 26797
SP500 +2 at 2978
NASDAQ -13 at 8103
10 Year Treasury closed up 1.5 basis points to yield 1.56%
Oil prices closed +.28 at 56.58 a barrel
Gold prices closed -12.30 at 1513.20 an ounce
In the days’ stock news:
- LULU closed up nearly 8% after reporting revenue and earnings above forecasts, also raising its full-year guidance. Results were boosted by strength in online sales and in the menswear category.
- GrubHub announced a new delivery partnership with McDonald’s in New York City and the Tri-State area. GRUB closed up a nickel on the news.