- The major Wall Street indices opened in positive territory on Friday.
- Nonfarm payrolls in the US fell sharply in December.
- The S&P 500 Energy Index is up more than 1% after the opening session.
The main US stock indices They started the last day of the week on a decisive upswing as investors ignored the disappointing December employment report. At time of writing, the S&P 500 Index is trading at a new all-time high of 3,821, gaining 0.5% on the day. In addition, the Dow Jones Industrial Average and Nasdaq Composite indices rose 0.3% and 0.8%, respectively.
Monthly data released by the US Bureau of Labor Statistics on Friday showed that nonfarm payrolls in December fell by 140,000, compared with analysts’ estimate of an increase of 71,000. Market participants may be assessing the prospects for additional stimulus after this dismal reading.
Among the top 11 sectors in the S&P 500, the Energy Index is up 1.02% as the best performer after the opening bell. On the other hand, the Financial Index, which posted strong gains in the previous two trading days amid rising Treasury yields, is in negative territory.
S&P 500 chart (daily)
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