U.S. Stocks Rebound Despite Weak Job Growth -- Market Talk

Dow Jones11-02 04:04

1604 ET - U.S. stocks rise as gains by Amazon and Intel help broad indexes recover from Thursday's tech selloff. Markets discounted a big miss in October payrolls growth as the data were distorted by a pair or hurricanes and the labor strike at Boeing. The report did help solidify expectations for rate cuts next week and in December. DJIA gains 288 points, or 0.7%, to 42051, the S&P 500 rises 0.4% to 5728 and the Nasdaq adds 0.8% to 18239. For the week the DJIA falls 0.2%, the S&P 500 loses 1.4% and Nasdaq drops 1.5%. Attention now turns to next week's election and Fed meeting. (patrick.sullivan@wsj.com)

(END) Dow Jones Newswires

November 01, 2024 16:04 ET (20:04 GMT)

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