US stocks rose after data showed non-farm payrolls grew by 254,000 jobs in September, far exceeding the expected increase of 150,000 jobs from economists surveyed by Dow Jones.
The unemployment rate fell to 4.1 percent, despite expectations that it would remain stable at 4.2 percent.
Stock movements
index concluded”Standard & Poor’s 500” The week rose by 0.22 percent, while the Dow Jones Index rose by 0.09 percent.
The Nasdaq added 0.1 percent during the week.
During Friday trading, the Standard & Poor’s 500 Index rose by 0.9 percent, reaching 5,751.07 points, while the “Nasdaq“The composite increased by 1.22 percent, to 18,137.85 points.
“Indicator added”Dow Jones“The industrial index rose 341.16 points, or 0.81 percent, to record the highest closing level ever at 42,352.75 points.
“We are still in an environment where good economic news is good news for the stock market because it increases the odds of a soft landing,” said Michele Clover, head of ETF model portfolios at GlobalX, according to a report published by CNBC that I reviewed. Sky News Arabia.
She added: “After a summer of weak labor data readings, this is a reassuring read that the US economy remains resilient, supported by a healthy labor market.”
