New York – U.S. stocks added to their healthy gains on Friday, after Federal Reserve Chairman Jerome Powell’s comment that the central bank will be sensitive to the downside risks the market is pricing in helped calm worries about slowing global growth.
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The market opened strongly after a better-than-expected jobs report added to the optimism from proposed trade talks between the United States and China next week.
At 11:04 a.m. ET, the Dow Jones Industrial Average <.DJI> was up 680.20 points, or 2.61 percent, at 23,278.42, the S&P 500 <.SPX> was up 66.45 points, or 2.71 percent, at 2,514.34 and the Nasdaq Composite <.IXIC> was up 213.19 points, or 3.30 percent, at 6,676.69.
Awesome jobs report
Could someone explain to me how it is that jobs grew and unemployment grew? How is that possible?
Hashomer how you like me now?? You and all the so called liberal pundits said this couldn’t be done.