New York stock market rises after good data

The New York stock market started the last trading day of the week with a rise after the US employment data for October exceeded expectations.

At the opening, the Dow Jones index gained nearly 200 points and rose 0.51 percent to 36,309.81 points. The S&P 500 index rose 0.52 percent to 4,704.19 points, and the Nasdaq index rose 0.42 percent to 16,008 points.

After the US Federal Reserve (Fed) took the first step towards normalization in monetary policies, the indices, which followed a mixed course yesterday, rose at the opening after the good employment data.

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According to the data released today in the USA, non-farm employment increased by 531 thousand people in October, increasing above the market expectations, while the unemployment rate fell to 4.6 percent.

In addition to the better-than-expected employment data, positive news about the developments in treatments against the new type of coronavirus (Kovid-19) also supported the markets.

The US pharmaceutical company Pfizer announced that the drug it developed against Kovid-19 reduced hospitalization and death rates by 89 percent in moderate and high risk patients.


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Source: bigpara- GÜNDEM by bigpara.hurriyet.com.tr.

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