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US stocks rally after jobs report

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Dec 4, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    FXStreet (Mumbai) - The stock markets in the US rallied on Friday, ignoring the drop in the oil prices, as investors cheered the strong US non-farm payrolls report.

    At the time of writing, the Dow Jones Industrial Average (DJIA) was trading 215 points higher at 17,698. The S&P 500 was up 1%, while the Nasdaq was up 1.20%. Some of the gains seen today are also due to recovery after Thursday's sharp sell-off.

    Among the DJIA stocks, Chevron and Exxon Mobil fell 1.6% and 1%, respectively, tracking the losses in the oil prices. Meanwhile, Apple shares rose more than 2% and pulled up the index. Treasury yields traded weak, spiking on the report before trading lower.

    At the time of writing, the Dow Jones Industrial Average (DJIA) was trading 215 points higher at 17,698. The S&P 500 was up 1%, while the Nasdaq was up 1.20%. Some of the gains seen today are also due to recovery after Thursday's sharp sell-off.

    Among the DJIA stocks, Chevron and Exxon Mobil fell 1.6% and 1%, respectively, tracking the losses in the oil prices. Meanwhile, Apple shares rose more than 2% and pulled up the index. Treasury yields traded weak, spiking on the report before trading lower.
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