Major U.S. stock-indexes near zero level on Friday after a stronger-than-expected October jobs report boost prospects that the Federal Reserve will raise interest rates next month.
The Labor Department's report showed nonfarm payrolls increased by 271,000 in October, beating the 180,000 expected. Data for August and September were revised to show 12,000 more jobs on average were created than previously reported. The unemployment rate fell to 5.0%, the lowest since April 2008, from 5.1% in September. The jobless rate is now at a level many Fed officials view as consistent with full employment.
Most of Dow stocks in negative area (20 of 30). Top looser - Chevron Corporation (CVX, -2.24%). Top gainer - The Goldman Sachs Group, Inc. (GS, 3.21%).
Most of S&P index sectors in negative area. Top gainer - Conglomerates ( 3,2%). Top looser - Utilities (-3.6%).
At the moment:
Dow 17769.00 -33.00 -0.19%
S&P 500 2085.25 -8.75 -0.42%
Nasdaq 100 4693.25 -2.00 -0.04%
Oil 44.58 -0.62 -1.37%
Gold 1086.70 -17.50 -1.58%
U.S. 10yr 2.34 0.09