Reported 20 days ago
U.S. stocks saw gains on Friday, driven by a favorable jobs report which indicated the economy added 227,000 jobs in November, slightly surpassing expectations. The Dow Jones Industrial Average rose 0.1%, while the S&P 500 increased by 0.4%, and the Nasdaq Composite surged 0.8%. Despite the unemployment rate rising to 4.2%, investors remain optimistic about interest rate cuts from the Federal Reserve, with the odds increasing significantly after the report was released.
Source: YAHOO