Dow Jones jumps above 30,000 in early trading

Economies.com
2020-12-04 15:04PM UTC

The main US stock indices rose in early trading on Friday, despite the release of mixed jobs data.

 

The US Department of Labor showed today that the economy has added 245,000 new jobs in November, lower than forecasts of 480,000 jobs, while the unemployment rate fell to 6.7%.

 

The trade balance deficit in the US rose 1.7% to $63.1 billion in October, better analysts' forecasts of a deficit by $64.7 billion.

 

Investors are still awaiting updates in the coronavirus crisis, especially as Pfizer and Moderna are preparing to distribute millions of doses of their Covid-19 vaccines.

 

As for stocks, Dow Jones rose 0.3% or 105 points to 30,075 as of 15:03 GMT, Nasdaq rose 0.3% or 38 points to 12,415, and S&P 500 rose 0.4% or 16 points to 3,683.

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