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Wall Street Opens Higher as Jobs Data Highlight Economy Strength; Dow up 300 Pts -Breaking

by Mike Robinson

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© Reuters.

Geoffrey Smith 

Investing.com – U.S. stock exchanges opened higher on Friday after the strong Labor Market Report for October, which showed that the U.S. Economy is in good health. 

The was at a record-breaking high of 308 points by 9:45 ET (1340 GMT) Following closely, the was up 0.7% and 0.5%.

The Labor Department reported earlier that 531,000 U.S. nonfarm job nets were created in October, which was well ahead of consensus estimates of 450,000. The Labor Department also increased September’s surprisingly low figure by almost 120,000 to 32,000

 

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