5 Sep 2013
Wall Street closes higher for third day ahead US employment report
FXstreet.com (San Francisco) - The US stocks market closed narrow higher on Thursday as investors digested better than expected economic data with 10-year yields touching the 3% level and waiting the Friday's employment report.
Better than expected jobless claims and ISM non-manufacturing data as well as not-too-bad factory orders fuel sentiment, however the gains were limited as market is focused on the August employment report that would mean the ultimate set of clues on Fed's QE plans.
The Dow Jones traded in a narrow 64 points range to close 6.61 points or 0.04% higher on the day at 14,937.48. The S&P 500 advanced 2 points or 0.12% to 1,655.08. The Nasdaq Composite added 9.74 pts or 0.27% to close the session at 3,658.78.
Better than expected jobless claims and ISM non-manufacturing data as well as not-too-bad factory orders fuel sentiment, however the gains were limited as market is focused on the August employment report that would mean the ultimate set of clues on Fed's QE plans.
The Dow Jones traded in a narrow 64 points range to close 6.61 points or 0.04% higher on the day at 14,937.48. The S&P 500 advanced 2 points or 0.12% to 1,655.08. The Nasdaq Composite added 9.74 pts or 0.27% to close the session at 3,658.78.