Dow jumps 300 points on much better than expected U.S. jobs report for November

Friday, 6 December 2019 23:47 WIB

Saham AS


U.S. stocks soared after a much better-than-expected employment report for November from the Labor Department which saw the economy create 266,000 new jobs, the most since January, and the unemployment rote fell to 3.5%, a 50 year low.

However, progress toward a partial U.S. - China trade deal remains a point of focus for market participants also as a deadline that will see import duties increased on Dec. 15 looms.

Late morning the Dow Jones Industrial Average was up 312 points, or 1.1%, at 27,991 while the S&P index gained 29 points, or 1.0%, to 3,146, and Nasdaq was up  were up 81 points at 8,651, a rise of 1.0% also.

Source: Marketwatch


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