Wall Street closed for US holiday

United States stocks were closed for US July 4 Independence Day, giving markets a breather ahead of closely-watched labour data to be released in the next trading session.

United States stocks were closed to mark the US July 4 Independence Day, giving markets a breather ahead of closely-watched labour data to be released in the next trading session. 

In the previous session, which closed three hours early ahead of the July 4 holiday, the Dow Jones industrial average rose 56.14 points, or 0.38%, to end at 14,988.55 points, while the S&P 500 index rose 0.08% and the Nasdaq Composite gained 0.30%.

The US government will release its monthly employment data on Friday, which investors will take as a significant reading on the direction of the US economy.

While US shares were closed for the holiday, European shares posted sharp gains as the European Central Bank kept its rates at record lows and the Bank of England downplayed talk of tightening monetary policy.

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