US Stock Market maintain bullish rally
Reported by: Eric CRWE Newswire Middle East correspondent
US stock markets remain bullish for the fourth consecutive day on better US economic news. The latest employment data released on Friday which showed improving manufacturing and employment figures for the United States.
According to the Labor Department almost 67,000 jobs were added in August which surpassed the forecast of Thomson Reuters.
The Dow Jones Industrial Average DJIA advanced 1.2 percent or 127.83 points to close at 10,477.93. Broader stock indexes like Standard and Poor gained 1.3 percent to 1,104.51 while NASDAQ composite index advanced 1.5 percent to close at 2,233.75 points.
The total consolidated volume was 3.6 billion shares for the day whereas gainers to losers traded in a ratio of 3 to 1 on the New York Stock Exchange.
TrueBlue, Inc. (NYSE:TBI) was the top gainer reporting the surge of 17.50% to close at $13.70 with volume of almost 1.0 million shares.
Goldman Sachs Group, Inc. (NYSE: GS) advanced 5.37% to close at $147.29 with traded volume of 13.59 million shares.
Quiksilver, Inc. (NYSE:ZQK) was one the major losers for the day on lower than expected quarterly sales figures. The share price declined 11.46% to close at $3.63 with total volume of 6.32 million shares.
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