Dow Closes Up 563 Points As Investors Shake Off Jobs Report
The us economy added 12,000 jobs in october, well short of economist estimates of 106,000, representing the lowest job gains since december 2020. Jose rasco, hsbc global private banking and wealth management cio, and scott wren, wells fargo investment institute senior global market strategist, join 'cl. New york cnn — us stocks soared friday after new data showed that us job growth slowed considerably last month. After surging by more than 500 points after the. The october jobs report is on tap.
Stocks rallied after data showed nonfarm payrolls grew by 254,000 jobs in. The dow jones industrial average jumped more than 500 points after the release of the jobs report before paring gains.
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