Trending: Oil | Gold | BITCOIN | EUR/USD | GBP/USD

US stocks open higher despite disappointing jobs data

Economies.com
2021-01-08 15:17PM UTC

US stock indices opened higher on Friday, despite the release of a unexpectedly disappointing monthly jobs report.

 

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.

 

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%.

 

As for stocks, Dow Jones rose 0.1% or 2 points to 31,042 as of 15:15 GMT, S&P 500 rose 0.4% or 15 points to 3,819, and Nasdaq rose 0.8% or 114 points to 13,182.

American Markets News

Americas News

Markets

Dow Jones settles above 50,000
2026-02-09 17:34PM UTC
US stock indices mostly rose during Monday trading, extending their strong gains with support from ...
Americas News

Markets

Dow Jones rallies 900 points as Wall Street rebounds
2026-02-06 16:39PM UTC
US stock indices rebounded strongly during Friday’s trading after three consecutive losing ...
Americas News

Markets

Wall Street extends losses for third straight day
2026-02-05 17:17PM UTC
US stock indices declined during Thursday’s trading session, extending losses for a third ...