04 December 2020
22:28
–
US markets ended the week in the green, sending the Dow, Nasdaq and S&P 500 to new highs.
–
Wall Street closed higher on Friday, despite a mixed US employment report. The Dow advanced 0.83% to 30,218.26 points. The Nasdaq took 0.70% to 12,464.23 points. The S&P 500 gained 0.88% to 3,699.12 points. Employment figures released Friday showed job creations slowed to 245,000 last month from 610,000 in October and analysts’ expectations of 650,000. It hardly cooled Wall Street. The unemployment rate fell by two tenths of a point to 6.7%, but mainly due to a drop in labor market participation.
–
In addition, discussions in Congress continued on budget support for the Americans. After months of deadlock, Senate Majority Leader Mitch McConnell said on Thursday he saw encouraging signs of reaching a deal before the end of the year. In terms of values, Pfizer, which had caused the slide of Wall Street at the end of the session the day before because of problems of future delivery of vaccines, took 0.62%. Boeing, up sharply on Thursday after orders for its 737 MAX, dropped 1.89%.
–
–
