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06 May 05: US Stocks Rise After a Strong Employment Report


U.S. stocks rose Friday morning after a government report showed strong job growth. The data eased investor concerns about slowing economic growth.

The Dow Jones Industrial Average moved up one-third of a percent, the S&P 500 and the NASDAQ posted slight gains.

European share prices were higher at the close. London's Financial Times Index moved up 17 points to finish at 4919. The CAC-40 in Paris advanced 14 to end at 4033, and the DAX index in Frankfurt gained 12 points 4311.

Earlier in Asia, Tokyo's Nikkei Average rose 190 points almost 2% to close at 11,192. Hong Kong's Hang Seng index was down 28 points to close at 14,034.

Goldwas down more than five dollars, trading at 425 dollars and one cent-an-ounce in New York.

The dollar was higher against the yen and the euro in New York.

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