About: http://data.cimple.eu/news-article/3cc1ab8b18667b1dde7b2121f4a6e4b489511f64129eb48917e89cb4

Facets (new session)
Description
Metadata
Settings
- owl:sameAs
- Inference Rule:

About: http://data.cimple.eu/news-article/3cc1ab8b18667b1dde7b2121f4a6e4b489511f64129eb48917e89cb4 Goto Sponge NotDistinct Permalink

An Entity of Type : schema:NewsArticle, within Data Space : data.cimple.eu associated with source document(s)

Attributes	Values
rdf:type	schema:NewsArticle
schema:articleBody	Wall Street equities rebounded at the open Friday, cheered by upbeat headline jobs gains while ignoring some less pleasant underlying details and inflation implications that sank share prices in recent days. About 15 minutes into the week's final trading session, the benchmark Dow Jones Industrial Average had regained some of the ground lost Thursday, and was up 0.6 percent to 31,110.04. The broad-based S&P 500 was up 0.5 percent to 3,788.92, while the tech-rich Nasdaq Composite Index was the biggest loser, rose 0.2 percent to 12,745.56. Despite the gain, the Nasdaq is close to correction territory, nearly 10 percent below its last peak on February 12. The US economy added a 379,000 jobs in February and the unemployment rate dipped slightly to 6.2 percent, the Labor Department said, far stronger than economists were expecting. But most of the gains were in the bars and restaurants which have begun to open their doors, while other areas shed workers. And unemployment for Black workers increased to 9.9 percent. "The key takeaway from the report is that it will be seen as a sign of even better things to come for the labor market, which bodes well for growth prospects," Briefing.com analyst Patrick J O'Hare said. "The increase in nonfarm payrolls was much better than expected and that is in front of more states seemingly destined to relax Covid restrictions in coming months as vaccination rates improve," he said. Investors in recent weeks have been more concerned about the possibility the economic recovery will ignite inflation and raise borrowing costs. They have kept a wary eye on the rising yield on 10-year US Treasury notes -- a red flag for inflation -- despite assurances the Federal Reserve has no plans to raise interest rates and will not be bothered by short-term price spikes. The positive jobs data sent the yield surging to above 1.6 percent, but investors seemed more interested in snapping up low-priced shares. hs/jm
schema:headline	US stocks bounce back in early trading on strong job gains
schema:mentions	O'Hare International Airport S&P 500 Index United States Department of the Treasury Stock Dow Jones Industrial Average Patrick Star Federal Reserve Australian Labor Party Inflation African Americans Coronavirus disease Nonfarm payrolls Racing flags NASDAQ Composite
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2021-03-05 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	negative sentiment
http://data.cimple...readability_score	63 (xsd:integer)
http://data.cimple...tology#hasEmotion	happiness

Faceted Search & Find service v1.16.115 as of Oct 09 2023

Alternative Linked Data Documents: ODE Content Formats:

RDF

ODATA

Microdata

About

OpenLink Virtuoso version 07.20.3238 as of Jul 16 2024, on Linux (x86_64-pc-linux-musl), Single-Server Edition (126 GB total memory, 5 GB memory in use)
Data on this page belongs to its respective rights holders.
Virtuoso Faceted Browser Copyright © 2009-2025 OpenLink Software