(Reuters) – The New York Stock Exchange opened higher on Friday after the publication of the monthly employment report.
In early trading, the Dow Jones index gained 158.03 points, or 0.35%, to 44,923.74 points and the broader Standard & Poor’s 500 rose 0.22% to 6,088.41 points.
The Nasdaq Composite takes 0.25%, or 48.65 points, to 19,749.37 points.
According to the Labor Department’s monthly survey released earlier today, the US economy created more jobs than expected, recording 227,000 new non-agricultural jobs while analysts polled by Reuters expected 200,000 net creations on average. .
“In general, there appears to be no reason to worry about an impending recession and no reason for the Fed to take a pause on its policy rate cuts for the moment,” commented Brian Jacobsen, chief economist at Annex Wealth Management.
The unemployment rate recorded a slight increase, standing at 4.2% against 4.1% the previous month, in line with expectations, reviving bets in favor of a reduction in key rates from the Federal Reserve ( Fed) at its next meeting, which will take place on December 17 and 18.
Investors are also awaiting the University of Michigan sentiment indicator, which is expected to be released at 15:00 GMT.
On the value side, Lululemon Athletica jumped 14% after raising its outlook against a backdrop of strong demand for the holiday season.
Hewlett Packard gained 7.8% after reporting better-than-expected fourth-quarter results on Thursday, citing strong demand for its artificial intelligence servers.
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(Written by Pauline Foret, edited by Augustin Turpin)
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