Wall Street kicks off higher despite weak jobs data

Friday, 03. December 2021 15:30

Major stock markets in the United States started this week's last trading session in the green territory despite underperforming November jobs data coming from the Bureau of Labor Statistics.

On the other hand, the positive sentiment was pushed by the news that Congress passed a standalone continuing resolution last evening aimed at averting a government shutdown just hours before the deadline. Later today, the Institute for Supply Management is scheduled to report the state of the service sector activity across the US during November.

The Dow Jones jumped by 0.29% or 101 points at the opening bell. The Nasdaq 100 rose by 0.30%, with Marvell Technology surging as much as 19.20%. The S&P 500 gained 0.43%. However, the indexes turned to losses shortly after the session began. The euro stood flat against the dollar to sell for 1.12974 at 9:29 am ET.

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Baha Breaking the News (BBN) / ND