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Stock market today: S&P 500 shrugs off weaker jobs report to close higher

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Stock market today: S&P 500 shrugs off weaker jobs report to close higher

Investing.com -- The S&P 500 closed higher Friday, as a big miss on job gains in the October payrolls report cemented a Fed rate cut next week, while a rally in Amazon boosted consumer stocks.meets next week, and this release is unlikely to change expectations that policymakers will agree to cut interest rates once more, this time probably by 25 basis points.

Apple stock fell more than 1% after the iPhone maker unveiled a current-quarter revenue outlook in the low- to mid-single-digits, missing the top-end of Wall Street estimates, in a possible sign of caution ahead of the key holiday trading period. Still rising oil prices kept a losses in the broader energy sector, underpinned by rising geopolitical tensions in the Middle East following reports that Iran was preparing a retaliatory strike on Israel.Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors.

 

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