BUSINESS US stocks close higher on upbeat jobs report

BUSINESS

US stocks close higher on upbeat jobs report

Xinhua

09:02, December 07, 2019

jobs.jpeg

A job-seeker completes an application at a career job fair in Philadelphia, Pennsylvania, US. (File photo: VCG)

NEW YORK, Dec. 6 (Xinhua) -- U.S. stocks closed higher on Friday as upbeat jobs report lifted investors' sentiment.

The Dow Jones Industrial Average was up 337.27 points, or 1.22 percent, to 28,015.06. The S&P 500 increased 28.48 points, or 0.91 percent, to 3,145.91. The Nasdaq Composite Index was up 85.83 points, or 1.00 percent, to 8,656.53.

Most of the 30 Dow components traded in green territory, with 3M Co and Goldman Sachs adding 4.32 percent and 3.44 percent respectively, becoming the top two gainers.

Ten of the 11 primary S&P 500 sectors traded on an upbeat note, with the energy sector rising 2 percent.

U.S. employers added 266,000 jobs in November, and the unemployment rate has dropped slightly to 3.5 percent, the U.S. Bureau of Labor Statistics reported Friday.

Job gains mainly occurred in healthcare and in professional and technical services, the report showed. The number of people employed in manufacturing rose by 54,000 in November, after a decline in October when General Motors workers were on strike.

In addition, the University of Michigan's preliminary sentiment index for December increased to 99.2 from 96.8 in November.  

Related Stories

Terms of Service & Privacy Policy

We have updated our privacy policy to comply with the latest laws and regulations. The updated policy explains the mechanism of how we collect and treat your personal data. You can learn more about the rights you have by reading our terms of service. Please read them carefully. By clicking AGREE, you indicate that you have read and agreed to our privacy policies

Agree and continue