NEW YORK, NY / ACCESSWIRE / January 7, 2019 /U.S. markets surged on Friday as employment data came in well above expectations. The Bureau of Labor Statistics reported 312,000 jobs were added in December, soaring past the expected increase of 182,000 jobs, according to economists polled by MarketWatch. The Dow Jones Industrial Average hiked 3.29 percent to close at 23,433.16, while the S&P 500 Index jumped 3.43 percent to close at 2,531.94. The Nasdaq Composite Index advanced 4.26 percent to close at 6,738.86.
According to Willie Delwiche, the Director and Investment Strategist of R.W. Baird & Co., the upbeat employment data and wage growth continues to beat expectations, “it makes it very difficult to argue that the Fed should come to a complete halt in hiking interest rates, or that the economy is meaningfully weakening.”
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Square's stock jumped 10.99% Friday, to close the day at $58.18. The stock recorded a trading volume of 30,228,637 shares, which was above its three months average volume of 19,092,993 shares. In the last year, Square's shares have traded in a range of 36.76 - 101.15. The share price has gained 58.27% from its 52 week low. The company's shares are currently trading below their 200-day moving average. The stock's 50-day moving average of $61.52 is below its 200-day moving average of $72.87. Shares of Square have fallen roughly 11.43 percent in the past month and are up 3.73 percent year-to-date.
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On Friday, shares of Twilio recorded a trading volume of 3,718,626 shares, which was below the three months average volume of 5,281,103 shares. The stock ended the day 8.98% higher at $88.55. The share price has fallen 11.86% from its 52 week high with a 52 week trading range of 23.25 - 100.47. The company's shares are currently trading above their 200-day moving average. The stock's 50-day moving average of $87.31 is above its 200-day moving average of $76.27. Shares of Twilio have fallen roughly 7.39 percent in the past month and are down 0.84 percent year-to-date.
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