US stocks trade mixed on jobs data

US stocks trade mixed on jobs data

New York, July 8 (IANS) US stocks traded in a narrow range on Thursday as investors digested a batch of jobs data and awaited a key nonfarm report.

The Dow Jones Industrial Average ticked down 11.23 points, or 0.06 per cent, to 17,907.39, Xinhua news agency reported.

The S&P 500 edged up 0.13 points, or 0.01 per cent, to 2,099.86. The Nasdaq Composite Index gained 12.62 points, or 0.26 per cent, to 4,871.78.

On the economic front, US private sector employment increased by 172,000 jobs from May to June, more than market expectation of 159,000, said the June ADP National Employment Report on Thursday.

US stocks pared early losses to close higher on Wednesday, as investors digested the Fed minutes and a slew of economic data.

US dollar ticks up amid upbeat data

New York, July 8 (IANS) The US dollar gained against most other major currencies on Thursday as investors digested a batch of positive economic reports.

In late New York trading, the euro fell to $1.1055 from $1.1104 in the previous session, and the British pound declined to $1.2900 from $1.2922 in the previous session, Xinhua news agency reported.

The Australian dollar decreased to $0.7477 from $0.7517.

The US dollar bought 100.76 Japanese yen, lower than 101.39 yen of the previous session.

The US dollar rose to 0.9790 Swiss franc from 0.9743 Swiss franc, and it climbed to 1.3017 Canadian dollars from 1.2956 Canadian dollars.

US private sector employment increased by 172,000 jobs from May to June, more than market expectation of 159,000, said the June ADP National Employment Report on Thursday.

The dollar index, which measures the greenback against six major peers, was up 0.25 per cent at 96.291 in late trading.

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