Stocks open higher after November jobs report

/ / News

U.S. stocks rose at the opening bell on Friday despite signs of weakness in the labor-market as job gains moderated. The Dow Jones Industrial Average rose 0.3% to 30,045. The Nasdaq Composite was up 0.1% to 12,390, a day after setting a record close. The S&P 500 gained 0.3% to 3,678. The U.S. economy added 245,000 jobs in November, falling short of the 432,000 consensus estimate. Average hourly earnings, however, rose 0.3%. Some analysts argued that a weaker-than-expected reading could be a positive for equities if it injects more urgency into talks between lawmakers over another round of pandemic aid. Shares of drugmaker Moderna Inc. jumped after it said late Thursday that its COVID-19 vaccine candidate has potential to confer longer-term immunity.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit for more information on this news.