11/5/2021, 2:32 PM (Source: TeleTrader)
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Wall Street opens at record highs after jobs report

Major stock market indices in the United States all opened at record highs on Friday after Nasdaq and S&P 500 closed at new all-time highs the previous day. Investors considered the earnings reports that have been released in the meantime by companies including Uber, Airbnb, AIG, Dropbox, Novavax and Pinterest. Notably, nonfarm payrolls in the United States increased by 531,000 in October according to a report published by the US Bureau of Labor Statistics earlier in the day.

The Dow Jones Industrial Average started the day with a 0.80% increase as Boeing Co traded 2.47% higher. The S&P 500 rose 0.74% at the same time, with Expedia Group leading the gains with a 12.92% increase. Meanwhile, the Nasdaq 100 was up by 0.46%, as Booking Holdings traded 7.65% higher.

The euro traded 0.28% lower against the dollar, going for 1.15226 at 9:23 am ET, while the pound slid 0.26% versus the dollar to go for 1.34652 a minute later.

Baha Breaking the News (BBN) / TT