|Day's Range||3,134.62 - 3,150.60|
|52 Week Range||2,346.58 - 3,154.26|
Stocks jumped Friday after the Labor Department’s November jobs report topped expectations. Treasury yields rose and gold prices sharply declined, as the latest sign of strength in the U.S. economy spurred risk-on trades.
The House overwhelmingly passed a bill codifying the definition of insider trading.
The blockbuster November jobs report will give President Trump leverage in negotiations with China, says Hercules Investments CEO James McDonald. He spoke with Yahoo Finance's Alexis Christoforous, Myles Udland, Jared Blikre and Gregory Daco, Oxford Economics Chief U.S. Economist.
Alphabet’s revenue grew 20% in the latest quarter, but earnings haven’t kept pace. Here’s a road map to boosting profits and the stock.
Some market participants are starting to contemplate the notion that stellar employment figures could help embolden U.S. trade negotiators in a protracted tariff dispute between the U.S. and China—possibly resulting in a delay if not outright scuttling of a long-sought-after resolution. Indeed, a key report of the week from the Labor Department report showed that the U.S. economy created 266,000 new jobs in November, according to the Labor Department, the biggest gain since January and the unemployment rate slipped to 3.5%, a 50-year low. “This positive number could delay any US/China trade agreement, as signs of a stronger US economy will embolden US negotiators,” wrote Chris Gaffney, president of World Markets at TIAA Bank, in a research note after the nonfarm-payrolls report on Friday.
Price action, internal momentum and volume aren’t great, but that doesn’t matter when the president wields his baton.
The main U.S. stock indexes closed with strong gains on Friday as November’s jobs report come much better than expected. Progress in trade talks with China remain cloudy.
The U.S. added a seasonally adjusted 266,000 jobs in November and unemployment rate fell, according to the Labor Department’s November 2019 Jobs Report.
U.S. stocks close sharply higher Friday after employment report for November beat expectations, while investors remain optimistic about the chances of a U.S.-China trade deal.
The ride-sharing company issued an 84-page report Thursday night that outlined how the company has been working to improve safety conditions.
The stock market shot upward Friday, following an unexpectedly strong surge in November job growth and the decline in unemployment to record lows.
The dollar rose and global equity markets jumped on Friday after data showed U.S. job growth increased by the most in 10 months in November, putting to rest recession fears and briefly taking the spotlight off contentious U.S.-China trade talks. U.S. Treasury yields rose, while gold slipped more than 1%, reflecting a rebound in investor appetite for risk as U.S. unemployment dipped to 3.5%, the lowest in nearly half a century. Stocks on Wall Street neared record highs, with the benchmark S&P 500 closing within 0.24% of its peak set nine days ago.
Wall Street ended solidly higher on Friday as a strong jobs report and optimism about U.S.-China trade negotiations ahead of an upcoming deadline helped stoke investor risk appetite. The Dow and the Nasdaq ended the session down from last Friday's close. "This type of report shows underlying economic strength, and it gives corporate management confidence in the strength of the economy," said Tim Ghriskey, chief investment strategist at Inverness Counsel in New York.
The stock market rally started the week with losses, but erased losses by Friday. DocuSign, Shopify and Progyny broke out on news while RH soared. Google founders left management roles.
Stocks on Wall Street rose on Friday after the November jobs report blew past expectations. The S&P 500 and Nasdaq finished the day up about 1%. While the Dow closed up more than a percent, with investors appearing to celebrate as the unemployment rate ticked back down to its lowest level in nearly half a century. (SOUNDBITE) (English) CROSSMARK GLOBAL INVESTMENTS, CHIEF MARKET STRATEGIST, VICTORIA FERNANDEZ, SAYING: "Recession was something people really were anticipating this year and it didn't come to fruition. And I think people are coming to grips with perhaps we're not going to see that in the near term so we're probably going to see more risk on appetite for investors and the market in general. That's what the numbers we saw today are supportive of." Also fueling stocks were comments by Top White House economist Larry Kudlow, who said a U.S.-China trade deal is close and that talks are in an "intense" phase. Back on Wall Street, energy and financials were among the top performers in the S&P. While Ulta was also sitting pretty after the makeup retailer reported better than expected earnings. Shares climbed more than 11%, making it the best performer in the S&P.