Final nonfarm productivity rose at a 1.6% annual rate in 1Q, higher than the forecast of 1.2%. Output fell 4.0% versus the same period a year ago. Unit labor costs rose 3.0%, versus a 2.9% estimate, and the number of hours worked declined 5.8% versus last year. More from Bloomberg...
The Dow Jones Industrial Average rose 75 points (0.9%) to close at 8,750, the S&P 500 Index advanced 11 points (1.2%) to 942, and the Nasdaq Composite gained 24 points (1.3%) to 1,850. Crude oil rose $2.69 to $68.81 per barrel, and gold increased $17.63 to $980.70 per ounce.
Magnificent Seven Update
Daily Update Of Open Positions...Stocks & ETFs
