AllMarket Update
logoArgusNovember 06, 2020

Market Update: FISV, MDC, PGR, XEL, XOM, FOXA, SQ

Sector(s)
Communication Services, Utilities, Financial Services, Energy, Technology, Consumer Cyclical
Summary

Stocks pared early losses and traded near breakeven on Friday morning, as Joe Biden moved closer to winning the presidency, with narrow leads in key swing states. October employment data was stronger than expected. The Labor Department said that the U.S. economy added 638,000 nonfarm payroll jobs in October, above the Bloomberg consensus forecast of 580,000 though down from a revised 672,000 in September. The official unemployment rate also fell to 6.9% from 7.9% and was lower than the consensus forecast. The Dow and the S&P were flat, and the Nasdaq was down 0.2%. Crude oil fell more than 3% to $37.50 per barrel, while gold rose $6 to $1953 per ounce.

Premium
Subscribe to Yahoo Finance Premium for full access
Read the latest independent research including analyst forecasts, ratings on the US economy, and more. Get individual company and overall sector level recommendations.
Try Premium FREE