Wall Street rises after US jobs data

US stock indices rose on Friday after the payrolls report, which boosted the odds of more interest rate cuts by the Federal Reserve, starting December. 

US unemployment rose to 4.2% in November from 4.1% in October according to government data, while analysts expected 4.1%.

The US economy added 227 thousand new jobs in November, beating estimates of a 218 thousand increase, and sharply up from a revised 36 thousand addition in October. 

US two-year treasury yields fell 5.5 basis points to 4.089%.

US 10-year yields fell by 3.5 basis points to 4.145%, after hitting October 21 lows earliers, while 30-year yields fell 1.5 basis points to 4.323%.

The odds of a 0.25% Federal Reserve interest rate cut this month rose from 71% to 87% according to the Fedwatch tool.

On trading, Dow Jones rose 0.1%, or 37 points as of 15:19 GMT to 44,802 points, while S&P 500 rose 0.4%, or 22 points to 6,097 points, as NASDAQ added 0.7%, or 150 points to 19,851 points.