Friday's Market Minute
- China is hitting back on threats of stiffer duties on exports to the U.S. with tariffs of its own on $60 billion in U.S. goods.
- Apple Inc. (AAPL) held on to recent gains that made it the first U.S. company to reach a $1 trillion valuation.
- Speaker maker Sonos Inc. (SONO) is up big Friday after closing its debut Thursday up nearly 33%.
U.S. equity markets ended higher as the latest jobs report showed a steady stream of hiring gains and a solid outlook for economic growth, offsetting concerns about an expanding trade war between the U.S. and China.
The Dow Jones Industrial Average
Nonfarm payrolls rose by 157,000, the Labor Department's Bureau of Labor Statistics said Friday in a statement. That figure fell shy of the 192,500 average estimate of economists in a FactSet survey, and also represented a slowdown from the 213,000 jobs added the prior month.
Meanwhile, China hit back at the threat of new U.S. trade levies Friday by slapping fresh tariffs on $60 billion worth of American made goods in the latest escalation of tensions between Washington and Beijing.
European markets rose across the board led by the FTSE 100, which gained 0.74%, the Dax was up 0.44%, and the CAC 40 is gaining 0.11% with about two hours left in trading.