Economic Data Were Mixed; &Nbsp; &Nbsp; Dow Sanlian Yang Rose 0.17% On Friday.
The nonfarm data released before Friday were not as good as expected, and the US stocks were slightly volatile after opening low. Although the US unemployment rate rose to a new high in April, investors thought that the unemployment rate in November was high. Bad employment data It will prompt Congress to take measures to stimulate economic growth. The three major indexes rose slightly at the close, rising for three consecutive days.
As of 4:00 pm Eastern time,
Dow Jones industrial average
Up 19 points.
Gain
From 0.17% to 11382, the Nasdaq composite index rose 12 points, or 0.47%, to 2591 points; the standard & Poor's 500 index rose 3 points, or 0.25%, to 1225 points.
Telecommunications sector led the market.
The US stock market ended two consecutive gains after less than expected employment figures released in November.
But the other two economic data eased the disappointment of the market.
In addition, some analysts also pointed out that bad employment data will increase the possibility of the US Senate extending the Bush tax cuts due to expire at the end of this year.
The US dollar continued to decline on Friday, although oil prices continued to rise even though the expected non farm employment data in November suppressed market participants' concerns over the outlook for crude oil prices.
The main oil contract closed at $89.19 a barrel.
The US non farm employment report November disappointed the market and investors returned to precious metals to seek refuge.
Gold prices tried to hit record prices on Friday, and the main gold contract ended at $1406.20 an ounce.
Far less than the market expected employment growth has triggered the market's concern about the health of economic growth.
The dollar fell sharply and pushed the euro to the US dollar for the first time since the end of November.
The National Independent Business Association (NFIB) released a survey on Friday that small businesses in the United States saw the first increase in employment in more than two and a half years in November, although employment growth was minimal.
The labor department released the November employment statistics on Friday, showing that the non-agricultural employment population grew by 39 thousand in November, and the growth rate was significantly lower than the October level, while it was lower than the 155 thousand growth expected by economists.
The report also revised the growth rate of non farm employment in October to 172 thousand.
Another survey of 60 thousand households showed that the unemployment rate in November increased from 9.6% in October to 9.8%.
Previous market surveys show that economists generally expect the unemployment rate to remain unchanged in November.
The German central bank announced on Friday that its growth forecast for Germany's economy in 2010 will be raised to 3.6%.
The German central bank said in a statement issued: "thanks to the impressive growth rate of the German economy in the current year, the German economy will continue to achieve a steady recovery in the next two years.
At the same time, the upward trend of the German economy will also be more comprehensive.
The US Senate will vote on Saturday whether to extend the tax cuts planned by Bush.
The tax reduction scheme was signed by the Bush administration in 2001 and 2003 respectively, and is valid until December 31, 2010.
The main difference of this resolution is that the Democratic Party advocates only reducing the tax pressure of the middle and low income groups, while the Republicans hope to implement a tax reduction policy for the middle and low income groups and the high income groups, that is, to extend the tax reduction plan formulated by Bush during the ruling period.
According to a report released on Friday by the US political commentary website Politico.com, the US government's plan to reduce federal spending and reform the US tax law is not expected to pass, because at least 6 of the 18 members of the deficit Committee intend to vote against it later Friday.
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