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In late New York trading, the euro rose to 1.3285 dollars from 1.3215 dollars of the previous session and the dollar bought 98.90 Japanese yen, lower than 99.49 yen of the previous session. U.S. stocks continued record runs after volatile trading on Friday, following the S&P 500 breakout of 1,700 points for the first time ever, as the tepid U.S. cheap soccer cleats non- farm payroll report in July may keep the Federal Reserve hesitated to trim its bond buying programs soon. The Dow Jones Industrial Average increased 30.34 points, or 0. 19 percent, to 15,658.36. The S&P 500 added 2.80 points, or 0.16 percent, to 1,709.67. The Nasdaq Composite Index rallied 13.85 points, or 0.38 percent, to 3,689.59. The Dow logged a six-week winning streak, jumping 0.6 percent for the week. The S&P 500 climbed 1.1 percent while the Nasdaq rose 2.1 percent in the week. soccer cleats for cheap The market opened lower responding to the mixed closely-watched jobs report and traded in red territory in most of the morning trading session. Total U.S. non-farm employment increased by 162,000 in July, falling short of market consensus and the unemployment rate edged down to 7.4 percent from 7.6 percent in June, the U.S. Labor Department said on Friday morning. JP Morgan Chief U.S. Economist Michael Feroli said in a note on Friday: “The July employment report was a bit of a letdown. No single number was particularly awful, rather each important detail came in on the soft side, adding up to a soggier view of growth momentum at the start of the third quarter.” “Even the one apparently encouraging number in the report, the two-tick drop in the unemployment rate to 7.4 percent, was marred by another decline in the participation rate,” Feroli added. discount soccer cleats However, Wall Street drifted higher in the afternoon trading session as investors viewed the bad news as good news since the Fed may turn more cautious to taper its quantitative easing any time soon. Among other economic data, U.S. consumer spending outpaced income growth in June, according to the Commerce Department. Personal income increased 0.3 percent in June, while personal consumption expenditures increased 0.5 percent. “Despite moderate growth in income and consumption, details of the report were less optimistic. cheap nike cleats Thanks to higher energy prices, consumers had less discretionary spending power. With the labor market slow-down and a tick-up in inflation, both real income and consumption will likely be under pressure in Q3,” Mei Li, an economic analyst at FTN Financial, commented in a note on Friday. New orders for U.S.-manufactured goods rose in June for the third straight month, boosted by orders for durable goods, a separate report from the Commerce Department showed. The U.S. stocks soared on Thursday, helping the S&P 500 index close above the landmark level of 1,700 points. soccer cleats 2013 The Dow also closed at a new all-time high, and the Nasdaq at a nearly-13-year high. In corporate news, Chevron posted falling profits for the second quarter of 2013. The decrease was largely due to softer market conditions for crude oil and refined products. Shares of the oil giant dropped 1.18 percent to 124.95 dollars. According to Thomson Reuters, some 75 percent of the S&P 500 companies have reported second-quarter results, with some 67.5 percent of them beating earnings expectations and about 55 percent topping revenue estimates. Among key S&P 500 sectors, consumer discretionary led the gains, while energy lagged. The CBOE Volatility Index, widely considered as a fear gauge of the market, decreased 7.42 percent to end at 11.98. cheap soccer shoes In other markets, oil prices fell on the lackluster U.S. non- farm payrolls report in July on Friday. Light, sweet crude for September delivery went down 95 cents to settle at 106.94 dollars a barrel on the New York Mercantile Exchange. For the whole week, benchmark crude for September gained 2.24 dollars a barrel, or 2 percent. While Brent for September delivery dropped 59 cents to close at 108.95 dollars a barrel. Brent gained 1.78 dollars a barrel for the whole week. Gold future for December delivery on the COMEX division of the New York Mercantile Exchange lost 0.7 dollar to settle at 1,310.5 dollars per ounce on Friday. The U.S. dollar retreated against major currencies on Friday after report showed that U.S. non-farm sector added fewer jobs than expected in July.

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