Wall Street Closes November’s First Session in the Green with Weak Employment Data

This Friday, Wall Street closed the first session of November in green, on a day when weak US jobs report which had limited impact on operators.

At the bell, the Dow Jones Industrial Average was up 0.69% at 42,050; the sample S&P 500 index rose 0.41% to 5,728 points; and the tech-heavy Nasdaq did the same, up 0.80% to 18,239. Main indices This is how they end a busy week: The S&P 500 lost 1.4% and the Nasdaq fell 1.5%.

The Bureau of Labor Statistics (BLS) reported today that job creation fell to 12,000 new jobs.

jobs in October, compared with the 100,000 that Dow Jones experts had forecast.

New jobs created in October were 211,000 fewer than the previous month. the unemployment rate remained at 4.1%The BLS reported this Friday. However, operators did not react to the employment data, as analysts said the data was affected by hurricanes and the Boeing strike (which was up 3.54% today).

“It is unlikely that these data will force the Federal Reserve refuse expected rate cuts 25 basis points,” Clark Bellin, president and chief investment officer of Bellwether Wealth, told CNBC.

Other great values ​​today have inhibited progress toward positive territory. Amazon (6.2%) Leads Tech Stocks

after yesterday, the company delivered strong quarterly results thanks to the strength of its cloud and advertising businesses.

Intel too rose 7.8% after exceeding forecasts. on the earnings line, helping boost investor confidence after some notable disappointments in technology earnings this week.

By sector, The greatest growth this Friday was observed in non-essential goods. (2.4%), technology (0.61%) and healthcare (0.59%), with government services (-2.26%) and real estate (-1.09%) being the main contributors. Among the 30 companies listed in the Dow Jones index, in addition to those mentioned, Chevron (2.86%), Honeywell (1.71%) and Cisco (1.33%) rose, while Verizon (-1.83%) and Apple fell. (-1.33%). ).

In other markets, Texas Intermediate (WTI) price rose to $69.49 per barrel.and geopolitical tensions in the Middle East are rising after it was reported that Iran is preparing a retaliatory attack on Israel in the coming days.