Saturday, November 7, 2015

US stocks closed mixed after nonfarm payrolls

FXStreet (Córdoba) - US stocks ended mixed on Friday following the release of better than expected US nonfarm payrolls.

The Dow Jones Industrial Average rose 46 points, or 0.26%, to 17,910. The S&P 500 index closed 0.03% lower at 2,099. The Nasdaq Composite ended up 19 points, or 0.38%, at 5,147.

Data showed US economy added 271,000 new jobs in October versus 180,000 expected and up from 237,000 the previous month, according to the nonfarm payrolls report. Meanwhile, the unemployment rate dropped to 5.0% versus 5.1% expected.

The dollar strengthened across the board as a much stronger than expected US jobs report lifted expectations of a Fed rate hike in December after Yellen said earlier this week the decision would still depend on incoming data.
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