US Equity Markets End Mixed After Unexpectedly Higher Nonfarm Payrolls Report

MT Newswires Live
13小时前

US equity indexes were mixed Friday after October nonfarm payrolls expanded more than twice as expected.

* The October employment report showed nonfarm payrolls rose by 165,000, above the 70,000 increase expected in a Bloomberg-compiled survey, while September payrolls were revised to a 60,000 increase and August payrolls were revised to a 186,000 gain, for a net upward revision of 84,000 jobs.

* The unemployment rate fell to 4.1% in October from 4.2% in September, compared with no change expected, while the labor force participation rate rose to 61.9% from 61.8%.

* December West Texas Intermediate crude oil fell $0.04 to $90.48 per barrel, while January Brent crude, the global benchmark, was last seen down $0.41 at $97.88.

* Airbnb (ABNB) shares rose roughly 12%, the second best performer on the S&P 500 and Nasdaq, after the company reported a stronger-than-expected increase in Q3 earnings and revenue, and unveiled a share buyback authorization.

* Axon Enterprise (AXON) shares fell more than 18%, the S&P 500's worst performer, after the company reported Q3 non-GAAP earnings and revenue late Thursday below analyst expectations.

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