US: Stocks jump on strong November jobs data

We’ll be curating stories from management guru John Bittleston and making them free to read.The broad-based S&P 500 gained 0.9 per cent to 3,145.91, while the tech-rich Nasdaq Composite Index advanced one per cent to 8,656.53.

Besides the strong jobs data, markets were supported by positive sentiment about US-China trade talks. White House economic aide Larry Kudlow told CNBC a deal between thePetroleum producers Exxon Mobil and Chevron both won more than one per cent after the Organization of the Petroleum Exporting Countries and alliesAmong individual companies, Uber Technologies dropped 2.

The report comes as the company faces complaints that it is doing too little to protect passengers. Some analysts said the release of the report was constructive in that it showed the company was trying to tackle the problem. Goldman Sachs gained 3.4 per cent following a Bloomberg report that it could end up paying less than US$2 billion to resolve a US criminal probe in its role in the scandal over 1MDB, a corruption-plagued Malaysian fund. The figure is below some estimates.

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