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- Global Stocks: U.S. stock indices posted mixed results on Friday but rose over the week
Global Stocks: U.S. stock indices posted mixed results on Friday but rose over the week
U.S. stock indices mostly climbed on Friday amid a strong jobs report.
The Dow Jones Industrial Average rose 46.90 points, or 0.3%, to 17,910.33 (+1.4% over the week). The S&P 500 edged down 0.73 points, or 0.03%, to 2,099.20 (+0.95% over the week). The Nasdaq Composite climbed 19.38 points, or 0.4%, to 5,147.12 (+1.9% over the week).
The Labor Department reported the U.S. economy exceeded expectations for 180,000 jobs and generated 271,000 jobs in October, the biggest monthly gain this year, while the unemployment rate fell to 5% from 5.1%. Hourly wages rose 9 cents or 2.5% y/y at the fastest year-over-year pace since 2009.
This morning in Asia Hong Kong Hang Seng climbed 0.12%, or 27.58, to 22,894.91. China Shanghai Composite Index gained 1.63%, or 58.39, to 3.648.42. The Nikkei 225 rose 1.94%, or 372.90, to 19,638.5.
Asian indices rose amid optimistic employment data from the U.S. Japanese stocks rose amid a weaker yen, which is favorable for exporters.
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