2010年12月3日星期五

Close: Employment data is questioned Yang Wall Street Triple

U.S. stocks Dikaigaozou Friday to end up. Although the November employment report disappointing, but investors believe that negative employment data will lead to Congress to take measures to stimulate economic growth. Some analysts also expressed doubt on the employment data that may be raised in future.
EST at 16:00 on December 3rd, the Dow Jones industrial average rose 19.68 points to close at 11,382.09 points, or 0.17%; the Nasdaq composite index rose 12.11 points to close at 2,591.46 points, or 0.47%; the S & P 500 index rose 3.18 points to close at 1,224.71 points, or 0.26%.
By lower than expected impact of employment data in November, U.S. stocks opened lower on Friday. However, two other economic data eased the market disappointment. Some analysts believe that bad employment data will improve this year, the U.S. Senate to extend the Bush tax cuts expire at the end of the possibilities.
U.S. Department of Labor announced in November nonfarm payrolls increased by only 3.9 million people, a major disappointment to investors. November private sector employment increased by only 5 million people, the unemployment rate unexpectedly rose to 9.8%.
However, today announced two other more positive economic data. Institute for Supply Management (ISM) announced that November's ISM services index was 55.0 points, in line with market expectations. The U.S. Department of Commerce announced in October factory orders were down 0.9%, better than market expectations. Earlier this week's housing sales, construction spending and other economic data were better than expected, have become the U.S. stock market sharply higher for two consecutive days of power.

More:

Frankfurt on the reservation after the disappointment of U.S. unemployment (-0.14%)

The euro is stepping up its gains against greenback sealed by the U.S. Employment

EU Stock Exchange: weekly performance positively through the ECB

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