US stock indices rose on Friday following the monthly payrolls report, which showed a slight dip in unemployment, which boosted speculation that the Federal Reserve is heading for an interest rate cut later this year.

The US economy added 272 thousand new jobs in May, above estimates of 190 thousand, and up sharply from 165 thousand in April.

Conversely, unemployment rose to 0.4% in May from 3.9% in April.

On trading, Dow Jones rose 0.2% as of 18:15 GMT, or 66 points to 38,952, while SP 500 rose 0.3%, or 14 points to 5367, as NASDAQ added 0.2%, or 33 points to 17,207.