NEW YORK, Mar. 4 (Xinhua) -- U.S. stocks ended higher Friday after volatile trading, with all three major indices on a four-day winning streak
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The Dow Jones Industrial Average rose 62.87 points, or 0.37 percent, to 17,006.77. The S&P 500 added 6.59 points, or 0.33 percent, to 1
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U.S. total nonfarm payroll employment increased by 242,000 in February, topping market expectations
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In February, average hourly earnings for all employees on private nonfarm payrolls declined 3 cents to 25.35 U.S. dollars, following an increase of 12 cents in January. Average hourly earnings have risen by 2.2 percent over the year.
Analysts said the upbeat jobs data pointed to a modest recovery in the U.S. economy, and create conditions for the Federal Reserve to gradually raise interest rates this year.
"Lots of poor quality jobs might encourage the Fed to raise rate, but falling wages and hours should keep them at bay in March at least
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Meanwhile, the goods and services deficit was 45.7 billion U.S. dollars in January, up 1 billion dollars from the revised level of 44.7 billion dollars in December, the U.S. Commerce Department reported Friday.
Overseas, Chinese shares have sat on gains for four-consecutive days by closing marginally higher on Friday
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European equities jumped Friday as investors cheered on the rally in mining stocks. German benchmark DAX index at Frankfurt Stock Exchange moved up 0.74 percent, while British benchmark FTSE 100 Index added 1.13 percent.
On a weekly basis, all three major indices posted solid gains, with the Dow, the S&P 500 and the Nasdaq surging 2.2 percent
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The CBOE Volatility Index, often referred to as Wall Street's fear gauge, increased 0.96 percent to end at 16.86 on Friday.
In other markets, oil prices rose as U.S. job report came out better-than-expected.
The West Texas Intermediate for April delivery moved up 1.35 U.S. dollars to settle at 35.92 dollars a barrel on the New York Mercantile Exchange, while Brent crude for May delivery increased 1.65 dollars to close at 38.72 dollars a barrel on the London ICE Futures Exchange.
The U.S. dollar decreased against most major currencies as the closely-watched nonfarm payroll report came out mixed.
In late New York trading
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Gold futures on the COMEX division of the New York Mercantile Exchange rose as the U.S. dollar showed weakness.
The most active gold contract for April delivery rose 12.5 dollars, or 0.99 percent, to settle at 1,270.70 dollars per ounce.
SEOUL
Cheap Nike Air Max 270 Mens , Feb. 16 (Xinhua) -- The foreign affairs ministries of China and the Republic of Korea (ROK) held a strategic dialogue here Tuesday to discuss issues including the Korean Peninsula nuclear problem.
Chinese Vice Foreign Minister Zhang Yesui co-chaired the seventh high-level strategic dialogue between the foreign affairs ministries with First Vice Foreign Minister Lim Sung-nam of South Korea.
Zhang said China attaches great importance to relations between China and South Korea. China stands ready to work together with South Korea to implement the consensus achieved by the national leaders and push forward the development of bilateral relations while ensuring they remain on the right track, he said.
The Chinese vice foreign minister said it is in the interests of both countries to achieve the denuclearization of the Korean Peninsula and maintain peace and stability there.
China is opposed to the nuclear test and satellite launch by the Democratic People's Republic of Korea (DPRK) and supports efforts at the UN Security Council to pass a new and forceful resolution as soon as possible. However, sanctions are not an end in themselves and a fundamental solution still has to be found through dialogue, he added.
Pyongyang conducted its fourth nuclear test on Jan. 6 and launched a satellite-carrying rocket on Feb. 7, which Seoul sees as a cover for a long-range ballistic missile.
The United States and South Korea have decided to discuss the deployment of the Terminal High Altitude Area De.
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