Stock Groups

Wall Street Opens Mixed on Ambiguous Jobs Report; Dow up 40 Pts -Breaking

[ad_1]

© Reuters.

Geoffrey Smith 

Investing.com – The U.S. stock exchanges opened mixed last Friday. This was despite the fact that headline employment growth has slowed sharply.

At 34,681 point, the index was at 9:45 ET (1445 GMT) and had risen 41 points or 0.1% by that time. The stock was also up 0.1%. However, the index fell 0.4%. There are concerns that this report won’t convince the Federal Reserve of changing its mind on its plan to end its bond buying program. 

Labor Department earlier stated that October’s nonfarm payroll growth was only 210,000, which is the weakest month in the year. It also falls well short of the 550,000 consensus estimate. Others parts of this report were brighter. For example, the unemployment rate dropped to 4.2% and labor force participation rose, to the highest level since before the pandemic. The number of permanent and temporary job losses also dropped to the lowest point in nearly a decade.

 

 

Disclaimer: Fusion MediaThis website does not provide accurate and current data. CFDs include stocks, indexes and futures. Prices are provided not by the exchanges. Market makers provide them. Therefore, prices can be inaccurate and differ from actual market prices. These prices should not be used for trading. Fusion Media is not responsible for trading losses that may be incurred as a consequence of the use of this data.

Fusion MediaFusion Media or any other person involved in the website will not be held responsible for any loss or damage resulting from reliance on this information, including charts, buy/sell signals, and data. Trading the financial markets is one of most risky investment options. Please make sure you are fully aware about the costs and risks involved.

[ad_2]