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U.S. stocks trade higher on solid jobs data

09 July 2018

Wall Street stocks finished solidly higher on Thursday (Jul 5), with technology shares especially strong as markets looked past trade war worries.

Tariffs on $34 billion worth of Chinese goods, the first of a potential total of $450 billion, kicked in on Friday over USA complaints that China is misappropriating US technology.

The United States and China slapped tit-for-tat duties on $34 billion worth of each other's imports on Friday, with Beijing accusing Washington of triggering the "largest-scale trade war" as the world's two biggest economies sharply escalated their conflict.

The Dow Jones Industrial Average gained 99.74 points, or 0.4 percent, to 24,456.48.

Private US firms added 177,000 employees last month, according to payrolls firm ADP, a bit below the pace in May but a level that was still seen as solid.

The Nasdaq composite index was up 92.45 points to 7,678.88.

Traders shrugged off the onset of a tariff fight between the US and China and sent stocks solidly higher.

The S&P 500 index rose 23 points, or 0.8 percent, to 2,759.

Over 18,500 Turkish public workers dismissed with new emergency state decree
The government blames a US -based cleric for orchestrating the coup and has sacked or arrested people suspected of links to him. Sunday's decree also banned 12 civil-society groups, three newspapers and a television broadcaster.

U.S. President Donald Trump has warned that the United States may ultimately target over $500 billion worth of Chinese goods, an amount that roughly matches its total imports from China a year ago.

The S&P 500 index rose 21 points, or 0.8 percent, to 2,758.

The Dow is up 85.33 points, or 0.4 percent.

The Nasdaq is up 76.12 points, or 1 percent.

The S&P 500 is up 18.24 points, or 0.7 percent.

The Russell 2000 picked up 50.99 points, or 3.1 percent.

The Russell 2000 is up 158.54 points, or 10.3 percent.

U.S. stocks trade higher on solid jobs data