U.S. stocks notch solid gains as job report allays worries

  • 📰 latimes
  • ⏱ Reading Time:
  • 57 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 26%
  • Publisher: 82%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

Wall Street ended a choppy week of trading with a broad rally that drove the Dow Jones Industrial Average more than 370 points higher.

The gains Friday also gave the S&P 500 index its best day in seven weeks, though the benchmark index still finished with its third straight weekly loss.

Stock markets around the world rose and gold dipped following the release of the U.S. jobs data as investors felt less need for safety.The Labor Department said employers added 136,000 jobs last month, slightly less than the 145,000 that economists were expecting and below the 168,000 pace from August. Worker’s wages were also weaker than expected, with zero growth from a month before.

If the job market can remain strong, it would allow U.S. households to keep spending. And that spending strength has been the hero for the economy recently, propping it up when slowing growth abroad poses a threat and President Trump’s trade war with China saps exports and manufacturing. The yield on the 10-year Treasury held steady at 1.53%. The two-year yield, which moves more on expectations about what the Fed will do, rose to 1.40% from 1.37%.

“An agreement to continue to negotiate toward a mutually acceptable future endpoint is really what would be viewed as a success,” Northey said. HP slumped 9.6% after the maker of personal computers and printers announced jobs cuts of up to 16% of the company’s payroll.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 11. in MY
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

The jobs report was 3.5% unemployment 2.9% =HODES es_f 145k from 153k

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

These stocks have 'overlooked' stories, Wall Street analysts sayCNBC combed through recent Wall Street research to find stocks that analysts say may have been 'overlooked.' Love those. Especially Capri Holding. Not sure why it’s so cheap. A steal here for long term investors. $CPRI . What you say jimcramer ?
Source: CNBC - 🏆 12. / 72 Read more »

Best come-from-behind win for this stock-market gauge in 1½ years highlights wild moves on Wall StreetThe stock market’s turnaround on Thursday was notable for producing the sharpest reversal for the three main U.S. equity benchmarks, with the Nasdaq Composite Index, logging its best turnaround from a 1% decline to a 1% gain since April, 4, 2018, according to Dow Jones Market Data
Source: MarketWatch - 🏆 3. / 97 Read more »