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| Dow jumps on US climate deal withdrawal | |
| (35 minutes later) | |
| Wall Street closed higher on Thursday following confirmation of President Trump's plan to withdraw from the Paris climate deal. | Wall Street closed higher on Thursday following confirmation of President Trump's plan to withdraw from the Paris climate deal. |
| Several business executives had argued against the move, but President Trump said it would be good for the US economy. | Several business executives had argued against the move, but President Trump said it would be good for the US economy. |
| The Dow Jones Index ended 135 points higher at 21,144. | The Dow Jones Index ended 135 points higher at 21,144. |
| Business leaders including GE's chief executive Jeff Immelt criticised the move. | Business leaders including GE's chief executive Jeff Immelt criticised the move. |
| Mr Immelt said he was "disappointed". Elon Musk, founder of Tesla, confirmed he would leave the President's advisory council in response to the move. | Mr Immelt said he was "disappointed". Elon Musk, founder of Tesla, confirmed he would leave the President's advisory council in response to the move. |
| Earlier in the day positive numbers on hiring in the private sector had also boosted share prices. | Earlier in the day positive numbers on hiring in the private sector had also boosted share prices. |
| The Nasdaq Composite broke through to a new record high, and closed 48 points or 0.7% higher at 6,246. | The Nasdaq Composite broke through to a new record high, and closed 48 points or 0.7% higher at 6,246. |
| The broader S&P 500 also reached a new high, closing up 18 points or 0.76% at 2,430. | The broader S&P 500 also reached a new high, closing up 18 points or 0.76% at 2,430. |
| The ADP jobs report showed private payrolls increased by an unexpectedly high 253,000 in May. | The ADP jobs report showed private payrolls increased by an unexpectedly high 253,000 in May. |
| The private sector jobs numbers are more volatile than the non-farm payroll figures out tomorrow, but the markets are seeing them as a positive indicator for the economy. | The private sector jobs numbers are more volatile than the non-farm payroll figures out tomorrow, but the markets are seeing them as a positive indicator for the economy. |
| Stronger jobs numbers would increase the chances of an increase in interest rates at the next meeting of the Federal Reserve on 14 June. | Stronger jobs numbers would increase the chances of an increase in interest rates at the next meeting of the Federal Reserve on 14 June. |
| Separately, the Institute for Supply Management said its index of national factory activity ticked up to 54.9 last month from 54.8 in April. | Separately, the Institute for Supply Management said its index of national factory activity ticked up to 54.9 last month from 54.8 in April. |
| West Texas Intermediate Crude Oil fell slightly. It was down $0.23 or 0.5% at $48.09 a barrel. | West Texas Intermediate Crude Oil fell slightly. It was down $0.23 or 0.5% at $48.09 a barrel. |
| American Express shares closed 1.7% higher after it won a bid to become the exclusive credit card issuer for Hilton - the first new deal it has signed since 2015. | American Express shares closed 1.7% higher after it won a bid to become the exclusive credit card issuer for Hilton - the first new deal it has signed since 2015. |
| Shares in telecoms group Verizon closed 0.28% lower after reports emerged that its $100bn bid for the cable TV giant Charter had been turned down. | Shares in telecoms group Verizon closed 0.28% lower after reports emerged that its $100bn bid for the cable TV giant Charter had been turned down. |