Lola Evans
03 Dec 2022, 07:38 GMT+10
NEW YORK, New - U.S. stocks were little changed at the close Friday after a volatile week.
A labor report released Friday morning revealed payrolls increased by 263,000 in November, well ahead of analysts forecasts for 200,000.
Just one strong labor data point is not going to be enough after Powells speech, Anna Han, vice president at Wells Fargo Securities, told CNBC Friday.
Hes confirming that we are seeing the trend that we are having an impact on inflation, so I think that sort of soothes the market and takes the pressure off," Han said.
The Dow Jones industrials rose 34.87 points or 0.10 percent to close Friday at 34,429.88.
The Nasdaq Composite dipped 20.95 points or 0.18 percent to 11,461.50.
The Standard and Poor's 500 edged down 4.87 points or 0.12 percent to 4,071.70.
The U.S. dollar continued to be shunned Friday. At the end of the day the euro had swelled to 1.0533. The British pound accelerated to 1.2282. The Japanese yen was sharply higher at 134.30. The SWiss franc jumped to 0.9377.
The Canadian dollar was little changed at 1.3465. The Australian dollar rose sharply to 0.6804. The New Zealand dollar soared to 0.6405.
On overseas equity markets, the German Dax dropped 39.09 points or 0.27 percent to 14,529.39. London's FTSE 100 was down 0.03 percent. In Paris, France, the CAC 40 slid 0.17 percent.
It was a different story in Asia, where Japan's Nikkei 225 tumbled 448.18 points or 1.59 percent to 27,777.90.
The Hang Seng in Hong Kong fell 61.09 points or 0.33 percent to 18,675.35.
China's Shanghai Composite was off 9.33 points or 0.29 percent at 3,156.14.
In South Korea, the Kospi Composite shed 45.51 points or 1.84 percent to 2,434.33.
New Zealand's S&P/NZX 50 sank 12.71 points or 0.11 percent to 11,641.85.
The Australian All Ordinaries declined 50.50 points or 0.67 percent to 7,503.50.
Get a daily dose of Dallas Sun news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Dallas Sun.
More InformationSTRASBOURG, France: The President of the European Parliament, Roberta Metsola, has voiced the legislative body's support for appointing a United ...
MURCIA, Spain: Authorities said a nightclub fire over the weekend in the southeastern Spanish city of Murcia killed 13 people ...
SAN FRANCISCO, California: To resolve a pending litigation with the Oregon affiliate of the International Container Terminal Services Inc (ICTSI), ...
PANAMA CITY, Panama: On September 30, the Panama Canal said that due to a drought that has reduced the supply ...
TRIPOLI, Libya: Italy and Libya resumed commercial flights for the first time in ten years on September 30, with flight ...
SAINT GEORGE, Maine: A fire destroyed several waterfront buildings in Maine on September 29, including an art gallery with several ...
AMSTERDAM, The Netherlands: This week, Dutch competition regulator, the ACM, rejected an appeal by Apple against fines worth €50 million. ...
TOKYO, Japan: Tokyo-based startup Tsubame Industries has developed a four-wheeled robot that resembles the "Mobile Suit Gundam" from the popular ...
ISLAMABAD, Pakistan - According to The News, the federal government is considering selling its stake in the Reko Diq project ...
NEW YORK, NEW YORK - U.S. stocks tumbled on Tuesday as interest rates on 10 and 30-year Treasury yields approached ...
DUBLIN, Ireland: The chief medical officer has issued a stark warning regarding the alarming levels of cannabis consumption in Ireland, ...
OAKLAND, California: As their current contract expires and their unions prepare to strike, Kaiser Permanente workers' representatives said, on September ...