US stocks end at record highs for second straight day

2021-01-08 22:24:43 GMT (Economies.com)
US stocks end at record highs for second straight day

US stock indices rose on Friday, and shrugged off the disappointing jobs report, and posted new record closings and weekly gains.

 

After the Congress officially certified Joe Biden's election victory, sources said that US President Donald Trump is considering about his self-pardon power for any event or decision that might bring him to court, especially after his supporters stormed the Capitol building.

 

Trump said today that he will not attend Joe Biden's inauguration on January 20, and Biden said it's a good thing.

 

The US Department of Labor reported today that the economy has lost 140,000 jobs in December, worse than forecasts of adding 60,000 new jobs.

 

The unemployment rate held at 6.7% unchanged, compared to forecasts or rising to 6.8%.

 

To the oil market, WTI crude February futures rose 2.8%, and closed at $52.24 a barrel, with weekly gains of 7.7%, after hitting a day high of $51.8 and a low of $50.8.

 

Brent March futures rose 0.2% and closed at $55.99 a barrel, with weekly gains of 8.1%, after hitting a high of $55.6 and a low of $54.3.

 

As for stocks, Dow Jones rose 0.2% or 57 points, and closed at 31,097, with a weekly gain of 1.6%, a day high of 31,140, and a low of 30,793.

 

Nasdaq rose 1% or 134 points to 13,201, and registered a 2.4% weekly gain, with a high of 13,208 and a low of 13,036.

 

S&P 500 rose 0.5% or 21 points to 3,824, and posted a weekly gain of 1.8%, after hitting a high of 3,826 and a low of 3,783.

 
 
 
  Symbol Last Change Chg.%
1.2126
0.0061
0.5035%
1.3674
0.0125
0.9241%
Tadawul
8878.30
-29.61
0.33%
25.715
0.809
3.250%
53.100
0.800
1.530%
56.08
-0.23
0.41%
1868.200
32.085
1.747%
 
 
US
 
Europe
 
Asia