While you were sleeping US jobs data good enough

Thu, 05 Sep 2013

By Margreet Dietz Sept 6 (BusinessDesk) - Wall Street advanced as the latest jobs data confirmed the view that the US economic recovery is gathering traction. In late afternoon trading in New York, the Dow Jones Industrial Average advanced 0.16 percent, the Standard & Poor's 500 Index increased 0.22 percent, while the Nasdaq Composite Index added 0.34 percent. American companies added 176,000 jobs in August, while jobless claims dropped by 9,000 to 323,000 in the week ended August 31, from a revised 332,000. "[It's] enough to reinforce expe...

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