Wall Street saw the S&P 500 and the Nasdaq to mark his seventh records in a row this Friday. The three main indices of the US stock market ended the operations with historical marks, after the publication of the non-farm payroll data in the United States better than expected.
The index Dow Jones, made up of the shares of 30 industrial giants, rose 0.56% to 36,327.95 units, while the Nasdaq Composite, with a high technological component, gained 0.20% to 15,971.58 points. The largest reference in the market, the S&P 500, rose 0.37% to close at 4,697.53 points.
The US economy created 531,000 nonfarm jobs in October, a sign of strength that gave investors confidence in the face of a progressive cut in stimulus from the Federal Reserve. The result was much better than expected, as analysts expected 400,000.
Job generation had fallen, affected by the delta variant of the coronavirus. Data for August showed 483,000 jobs and 312,000 in September, with figures revised up on Friday. The improvement was due in part to fewer infections in the United States.
“The growth in employment was generalized” by sector, the Labor Department said in its communication. But the increase was particularly greater in the leisure and hospitality sectors, in professional and commercial services, in the manufacturing industry, and transport and storage.
On the day, the progress of Pfizer stood out, whose shares soared 10.86% after announcing the first very positive results of its drug against Covid-19. Its competitors Merck & Co, Novavax and Moderna recorded losses of -9.86%, -11.21% and -16.56%, respectively.
Another of the winners after this announcement was the tourism industry, which went up in the stock market in a generalized way: Carnival, Norwegian and Royal Caribbean cruises added 8.35%, 7.83% and 8.95 percent. Walt Disney earned 3.14 percent. Airlines also benefited from the news.
With information from AFP
Reference-www.eleconomista.com.mx