American Stock Exchange (US)
continue to strengthen ahead of this weekend after labor data reduce investor
fears of a sluggish economy.
For the first time since early
January, the Dow Jones stock index rose above 17,000. It shows the market
participants see a number of significant psychological level.
In addition, the US stock market
rally also followed data non-agricultural employment increased 242 thousand in
February 2016. However, inflation is becoming a key factor in the central
bank's decision the United States (US) or the Federal Reserve to raise US
interest rates.
"These figures show the economy
is strong, and the Federal Reserve have time, do not have to run in a hurry to
raise interest rates," said John Brady, director of RJ O'Brien &
Associates as quoted from Reuters on Saturday (05/03/2016 ).
The Federal Reserve will meet on
March 15 to 16, 2016. The market saw no chance of surviving in interest rates
in March.
At the close of trading on Friday
(Saturday morning GMT), the Dow Jones stock index rose 62.59 points, or 0.37
percent to 17006.49. Followed stock index S & P 500 added 6.49 points or
0.33 percent at 1999.89. Nasdaq stock index rose 9.6 points or 0.2 percent at
4717.02.
There are also eight stocks sector
rose from 10 sectors of the stock in the stock index S & P 500.
Strengthening stock sectors led by energy stocks sector rose 1.14 percent.
Apple shares rose 1.38 percent, and a positive sentiment for the stock index S
& P 500.
Shares of Hewlett Packard Enterprise
surged 14.33 percent after the company reported better-than-expected results.
Broadcom shares rose 6.75 per cent which also has released performance.