TELETRADER News
12/6/2019, 10:00 PM (Source: TeleTrader)
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US stocks finish higher on solid jobs report

Stock markets in the US finished the last day of trading for the week with solid gains on the back of a better-than-expected jobs report and brightened consumer sentiment.

The Bureau of Labor Statistics revealed that the US economy added as many as 266,000 jobs in November, exceeding economists' predictions by 80,000 and reassuring investors that the economy remains healthy. Consumer sentiment also increased in the eleventh month, a preliminary survey by the University of Michigan showed, with the index landing at 99.2.

The Dow Jones closed near session highs, jumping 1.22%. 3M Co remained the best performer throughout the day, finishing 4.32% in the green. The Nasdaq 100 added 1.07% at the close, while the S&P 500 advanced 0.91% as the session ended, erasing losses for the week.​ Ulta Beauty led the gains on both the tech-heavy Nasdaq and the S&P 500, soaring 11.09% after it beat Wall Street estimates with the third-quarter earnings report a day earlier.

The euro declined 0.39% versus the dollar, buying $1.10600, while the pound retreated 0.13% against the greenback, going for $1.31417 at 4:00 pm ET.

Breaking the News / GG