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2 weeks ago
On Friday, December 6, U.S. markets closed mixed as the Nasdaq and S&P 500 hit record highs, driven by strong forecasts and encouraging jobs data that boosted expectations of Federal Reserve rate cuts, while declines in health insurance stocks pressured the Dow to close lower.
According to economic data, nonfarm payrolls increased by 227,000, significantly exceeding expectations and reflecting strong job growth. The unemployment rate rose slightly to 4.2%, aligning with predictions. Average hourly earnings grew by 0.4%, surpassing forecasts and maintaining the same pace as October’s increase.
Most S&P 500 sectors fell, led by energy, utilities, and healthcare, while consumer discretionary and communication services posted gains.
The Dow Jones Industrial Average was down 0.28% and closed at 44,642.52, the S&P 500 gained 0.25% to 6,090.27, while the Nasdaq Composite rose 0.81% to finish at ...
