US stocks open higher despite disappointing jobs data

2021-01-08 16:04:07 GMT (Economies.com)
US stocks open higher despite disappointing jobs data

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.

 
 
 
  Symbol Last Change Chg.%
1.2128
0.0063
0.5184%
1.3682
0.0133
0.9813%
Tadawul
8878.30
-29.61
0.33%
25.739
0.834
3.349%
52.994
0.694
1.327%
56.08
-0.23
0.41%
1868.145
32.030
1.744%
 
 
US
 
Europe
 
Asia