Jobs report stokes Wall Street rally that erases the week’s earlier losses
Wall Street soared Friday on news that employers are still hiring in strong numbers, recovering from slumps caused by fears that escalating Middle East tensions could impact global energy supply.
- S&P 500: 5,751.07 ⬆️ up 0.90%
- Nasdaq Composite: 18,137.85 ⬆️ up 1.22%
- Dow Jones Industrial Average: 42,352.75 ⬆️ up 0.81%
- STOXX Europe 600: 518.56 ⬆️ up 0.44%
- Hang Seng Index: 22,736.87 ⬆️ up 2.82%
- Nikkei 225: 38,635.62 ⬆️ up 0.22%
- Bitcoin: $62,336.70 ⬆️ up 2.62%
U.S.: Wall Street gains on stellar jobs report
U.S. employers added 254,000 jobs in September, surpassing estimates and signaling continued economic strength. The S&P 500 closed up 0.90%, and the Dow neared its record, up 0.81%. Meanwhile, the tech-heavy Nasdaq climbed 1.22% with big gains for Nvidia, Broadcom, and Advanced Micro Devices.
The news erased losses from earlier in the week, as the S&P 500 finished with a 0.22% weekly gain, while the Dow added 0.09%, and the Nasdaq ticked up 0.1%.
Europe: U.S. jobs report lifts markets abroad
Europe markets were mixed in early trading but gained on the U.S. jobs report. The STOXX Europe 600 closed up 0.44%, and the U.K.’s FTSE 100 made up for losses early in the day, hovering near its Thursday close.
China: Hong Kong rally resumes after holiday
Hong Kong shares resumed their rally on the back of China’s stimulus measures, jumping 2.82% after traders took profits following a three-week rise of some 30%.
Japan: Markets end week near where they started
The Nikkei 225 ended a yo-yo week with a slight 0.22% gain after new Prime Minister Shigeru Ishiba outlined his economic agenda, which includes above-inflation pay raises and assistance for low-income households.
