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Prof. Tariq Mansoor is presently serving as the Vice-Chancellor, Aligarh Muslim University, Aligarh. Previously he has also served as Principal, J.N. Medical College, Chief Medical Superintendent, J.N. Medical College Hospital and Chairman, Department of Surgery. He is also the member of Medical Council of India since March 2015 for a period of four years. He is product of the first batch of prestigious Our Lady of Fatima Higher Secondary School, Aligarh. During his school days he has served as House Captain as well as School Captain. He did his MBBS and MS in General Surgery from Jawaharlal Nehru Medical College, AMU, Aligarh. A surgeon by profession with special interest in Breast and Thyroid Diseases, Prof. Tariq Mansoor has 33 years of Teaching and 35 years of Clinical experience. He has 90 publications to his credit and has guided 49 Postgraduate Medical Students for their Thesis as Supervisor / Co-Supervisor

US stocks rally after mixed jobs report; Dow +1.4%

US stocks rally after mixed jobs report; Dow +1.4%

New York: Wall Street stocks jumped Friday after a mixed US jobs report mitigated fears over inflation, as Apple shares rocketed higher after Warren Buffett increased his stake in the company.

The Dow Jones Industrial Average rose 1.4 percent to close the week at 24,262.51.

The broad-based S&P 500 gained 1.3 percent to end at 2,663.42, while the tech-rich Nasdaq Composite Index advanced 1.7 percent to 7,209.62.

The US economy added 164,000 jobs in April, which was below expectations. But the unemployment rate fell to 3.9 percent, the lowest since December 2000.

Investors were cheered by signs inflation remained tame, as average hourly wages rose just 0.2 percent. That figure was seen as reducing the odds the Federal Reserve will accelerate interest rate hikes.

“We don’t see anything suggesting the Fed needs to be more aggressive with monetary policy and nothing to stop them from continuing to normalize it,” said Matt Miskin, market strategist at John Hancock Financial Services.

Apple shot up 3.9 percent after Warren Buffett’s Berkshire Hathaway bought an additional 75 million shares of the technology giant, lifting Berkshire’s overall stake to around five percent.

Beyond Apple, gains were fairly broad-based. All 11 sectors in the S&P 500 advanced, with technology leading and consumer goods, financials, industrials and materials all rising more than one percent.

A note from JPMorgan Chase recommended investing in equities after a market pullback since late January left stocks “meaningfully lower.”

“Although politics and trade war concerns are still a significant overhang, the worst of uncertainty and political risks might be behind us,” JPMorgan said in the note.

But Miskin of John Hancock predicted the market would “remain against the ropes” in spite of positive fundamental news, including good earnings.

“Generally, we’re seeing a lack of risk taking preventing a more sustained upside breakout,” he said in a note.

“We think investors are wary about the surge in volatility to start the year, concerned about global trade negotiations, and debating whether we may have just witnessed the best of investing times in the cycle.”

AFP

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from The Siasat Daily

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