Dow jumps over 350 pts on strong data

Friday, 06. December 2019 18:51

The Dow Jones Industrial Average gained over 350 points on Friday following strong numbers in several important reports on the United States economy. Ahead of the market open, the Bureau of Labor Statistics reported nonfarm payroll employment in the US rose by 266,000 in November. A little later, the Census Bureau announced wholesale inventories increased by 0.1% in October, while the University of Michigan said the Consumer Sentiment Index stood at 99.2 points in November, increasing 2.5% month-on-month.

The Dow was up 1.25% at 10:56 am ET, while the Nasdaq 100 jumped 1.08% at the same time. The S&P 500 rose 1.05% concurrently.

The euro dropped 0.43% at 10:56 am ET, to sell for $1.10552, while the pound slipped 0.20% to $1.31328.

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Breaking the News / MD