#AceFinanceNews – Sept.02: Dollar falls, stocks rise after weak U.S. jobs data as Dow rises 100 points following jobs report miss; energy, utilities lead
U.S. equities traded higher on Friday, with energy rising 1 percent, following a disappointing employment report.
The dollar fell and stocks rose after U.S. jobs growth was weaker than expected in August, slashing prospects of a rate hike by the U.S. Federal Reserve this month.
#Oil edged higher on Friday, supported by the previous session’s weakness in the U.S. dollar and Russian comments in favour of a production freeze, though contracts remained on track for the biggest weekly loss in nearly eight months.
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