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|NEW YORK Karl Joseph Jersey , July 7 (Xinhua) -- U.S. stocks rallied Friday as WallStreet cheered over the country's better-than-expected jobs reportfor June.
The Dow Jones Industrial Average rose 94.30 points, or 0.44percent, to 21,414.34. The S&P 500 added 15.43 points, or 0.64percent David Sharpe Jersey , to 2,425.18. The Nasdaq Composite Index gained 63.61points, or 1.04 percent, to 6,153.08.
U.S. total nonfarm payroll employment increased by 222 Eddie Vanderdoes Jersey ,000 inJune, well above market consensus of 170,000, the Labor Departmentannounced Friday. The unemployment rate was little changed at 4.4percent in June.
In June, average hourly earnings for all employees on privatenonfarm payrolls rose by 4 cents to 26.25 U.S. dollars. Over theyear Obi Melifonwu Jersey , average hourly earnings have risen by 63 cents, or 2.5percent.
"This was a strong jobs report, with a better-than-expectedpayroll rise augmented by a solid upward revision," said Chris Low,chief economist at FTN Financial.
"From a longer term perspective Gareon Conley Jersey , this jobs report confirms theeconomy is humming along at a moderate pace with no significantwage pressures. The Fed can and should take its time normalizingpolicy," he wrote.
Meanwhile, oil prices were also in focus, which settled about 3percent lower Friday, as worries about a global supply glutdampened investors' sentiment.
For the holiday-shortened week Reggie Nelson Jersey , all three major indiceswitnessed modest gains, with the Dow, the S&P500 and the Nasdaqgoing up 0.3 percent, 0.1 percent and 0.2 percent, respectively.Enditem
HONG KONG Amari Cooper Jersey , Feb. 26 (Xinhua) -- Hong Kong developer Cheung Kong Holdings Ltd, owned by tycoon Li Ka-shing, saw its net profits up 52.7 percent to 53.87 billion HK dollars (6.95 billion U.S. dollars) for the year ended December 2014.
The profit rise was mainly attributed to the sale of an electricity subsidiary and a jump in the value of Cheung Kong's real estate.
Turnovers went down 3 percent year-on-year to 31.22 billion HK dollars. A final dividend of 3.016 HK dollars per share was declared.
Shares of Cheung Kong closed up 0.7 percent ahead of the results versus a 0.5 percent rise in the benchmark index.
At the press conference, Li Ka-shing called on Hong Kong people to support the government's political reform package, saying economic prosperity cannot be sustained Howie Long Jersey , if "politics is bad".
He said if the reform package is not passed, everybody, including himself, would be a big loser. He said any responsible person who loves Hong Kong should allow it to go ahead, so that 5 million eligible citizens can vote for their leader.
Li also warned that if Hong Kong pulled the plug on the individual travel scheme and stopped all mainland visitors from coming Bo Jackson Jersey , there is a danger that the stock market might be hit.
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