U.S. stocks traded mixed Thursday on oil prices and a series of economic news, with the Dow Jones industrial average up more than 70 points.
The Institute for Supply Management's reported that its index of the service sector fell to 48.2 from 51.7 in May. Wall Street had expected the number would come in at 51. A reading below 50 signals contraction.
The Labor Department, which said the nation's unemployment rateheld steady at 5.5 percent last month, reported that 62,000 jobs were lost in June. The number was close to economists' forecasts.
Inflation concerns remained as oil prices rose. Light, sweet crude rose above 145 U.S. dollars per barrel on the New York Mercantile Exchange.
The Dow rose 73.03 to 11,288.54. The Standard & Poor's 500 index rose 1.38 to 1,262.9, and the Nasdaq composite index fell 6.08 to 2,245.38.
Source:Xinhua
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