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Wall Street bounces ahead of jobs data | Wall Street bounces ahead of jobs data |
(about 11 hours later) | |
(Closed): Wall Street markets rose on Thursday as investors prepared for the release of a slew of economic data on Friday, including monthly jobs figures. | (Closed): Wall Street markets rose on Thursday as investors prepared for the release of a slew of economic data on Friday, including monthly jobs figures. |
The Dow Jones Industrial Average climbed 47.87 points to 17,837.54. | The Dow Jones Industrial Average climbed 47.87 points to 17,837.54. |
The S&P 500 index was up 5.83 points, to 2,105.16, while the tech-focused Nasdaq gained 19.11 points to 4,971.36. | The S&P 500 index was up 5.83 points, to 2,105.16, while the tech-focused Nasdaq gained 19.11 points to 4,971.36. |
Energy stocks took a dip after a meeting between large oil producing nations failed to reach an agreement to curb production. | Energy stocks took a dip after a meeting between large oil producing nations failed to reach an agreement to curb production. |
The price of crude oil remained mostly flat though following a report that US stockpiles of crude oil were shrinking. | The price of crude oil remained mostly flat though following a report that US stockpiles of crude oil were shrinking. |
ExxonMobil shares were down 0.8%. Chevron was 0.6% lower. | |
Shares of Johnson & Johnson climbed 1.5% after announcing plans to buy hair care product maker Vogue International. | Shares of Johnson & Johnson climbed 1.5% after announcing plans to buy hair care product maker Vogue International. |
Software giant Oracle fell 4% after a former employee filed a lawsuit alleging she was instructed to alter the company's sales figures. | Software giant Oracle fell 4% after a former employee filed a lawsuit alleging she was instructed to alter the company's sales figures. |
Apple shares fell 0.8% after Goldman Sachs cut its price target for the company due to an expected decline in smartphone sales. | Apple shares fell 0.8% after Goldman Sachs cut its price target for the company due to an expected decline in smartphone sales. |