Boosted by big tech stocks, the Nasdaq Composite climbed to a new high. US non-farm payrolls showed the economy added 227,000 jobs, exceeding forecasts.
At the end of the trading session on December 6, the S&P 500 index increased by 0.25% to 6,090.27 points, while the Nasdaq Composite index increased by 0.81% to 19,859.77 points, thanks to the increase of Tesla, Meta Platforms and Amazon stocks. Both indexes reached historical highs during the session and closed at new records. In contrast, the Dow Jones index decreased by 0.28% to 44,642.52 points.
On a weekly basis, the S&P 500 and Nasdaq Composite posted their third consecutive weekly gain, up 0.96% and 3.34%, respectively. Meanwhile, the Dow Jones fell 0.6% over the past week.
On the morning of October 9, the USD index continued to fall to 105.72 points. The yield on 10-year US bonds also fell to 4.147%.
In the gold market, spot gold prices increased slightly to 2,632.53 USD/ounce, while gold futures contracts increased 0.2%, reaching 2,654.50 USD/ounce.
The US non-farm payrolls (NFP) report showed that US job growth increased sharply in November, but did not forecast a major change in labor market conditions, which have been slowing down. This could create conditions for the US Federal Reserve (Fed) to continue cutting interest rates this month.
The November jobs report, released Friday morning, showed the US economy added 227,000 jobs last month, beating expectations of 214,000 jobs and up significantly from October's revised 36,000 jobs. The unemployment rate edged up to 4.2%, matching market expectations.
Economic and financial news: Brent crude oil prices fell 1.35% to 71.12 USD/barrel at the end of the session on December 6. WTI oil contracts also fell 1.61% to 67.20 USD/barrel. For the whole week, Brent oil fell more than 2%, while WTI oil fell 1%.
After the meeting, OPEC and its allies decided to postpone the start of oil production increases by 3 months, to April 2025, and extend current production cuts by 1 year, until the end of 2026. Stay tuned. HVA to update and grasp the fastest information about the financial market every day.
