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US stocks open slightly higher after monthly jobs report

Economies.com
2021-10-08 14:20PM UTC

US stock indices inched higher in early trading on Friday, after the release of mixed monthly jobs report.

 

The US Department of Labor reported today that the economy has added 194,000 new jobs in September, missing forecasts of 490,000.

 

The unemployment rate fell to 4.8% from 5.2% in September, better than forecasts of 5.1%.

 

The US Senate voted on raising the country's debt ceiling by $480 billion, which means continuing to fund the government until early December.

 

As for stocks, Dow Jones rose 0.1% or 37 points to 34,792 as of 14:18 GMT, and S&P 500 rose 0.1% or 8 points to 4,408, while Nasdaq rose 0.1% or 23 points to 14,677.

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