US stocks gain on surprise fall in jobless rate

A surprise fall in the US unemployment rate to 7.7 percent for November gave markets a boost in opening trade Friday, with the jobs data showing little impact from superstorm Sandy.

Minutes into trade, the Dow Jones Industrial Average was up 52.76 points (0.40 percent) at 13,126.80.

The S&P 500 added 5.79 (0.41 percent) at 1,419.73, while the Nasdaq Composite gained 13.32 (0.45 percent) to 3,002.59.

The November jobs market data came in better than expected, with economy adding 146,000 jobs, a gain from October's 138,000, which had been revised downward from the previous report.

Overall, said economist Jim O'Sullivan of High Frequency Economics, "the trend in the unemployment rate has clearly been downward, with job growth strong enough given slowing in labor force growth."

Loading...
 
Recent Quotes
Symbol Price Change % Chg 
Your most recently viewed tickers will automatically show up here if you type a ticker in the "Enter symbol/company" at the bottom of this module.
You need to enable your browser cookies to view your most recent quotes.
 
Sign-in to view quotes in your portfolios.

Market Data

  • Currencies
    Currencies
    NamePriceChange% Chg
    1.2571-0.001-0.08%
    USDSGD=X
    1.7389-0.0012-0.07%
    EURSGD=X
    2.1128-0.001-0.04%
    GBPSGD=X
    81.4185+0.1265+0.16%
    SGDJPY=X
    6.1679+0.0052+0.08%
    SGDHKD=X
    2.6032+0.0049+0.19%
    SGDMYR=X
    9,202.2422-53.7842-0.58%
    SGDIDR=X
    4.9748+0.0079+0.16%
    SGDCNY=X
    1.1660+0.0007+0.06%
    AUDSGD=X
  • Commodities
    Commodities
    NamePriceChange% Chg
    1,291.60+1.00+0.08%
    GCM14.CMX
    19.53-0.15-0.78%
    SIK14.CMX
    91.62-1.25-1.35%
    ^XAU
    3.120.00+0.08%
    HGK14.CMX
    101.99+0.05+0.05%
    CLM14.NYM
  • Bonds
    Bonds
    TreasuryYield (%)Yield Change
    1.74+0.03
    ^FVX
    2.690.00
    ^TNX
    3.460.00
    ^TYX

MARKET MOVERS

  • Most Actives
    Most Actives
    NamePriceChange% Chg
    2.22+0.010+0.45%
    JS8.SI
    1.165+0.015+1.30%
    U6C.SI
    0.122-0.001-0.81%
    B22.SI
    1.335-0.020-1.48%
    G13.SI
    0.605-0.010-1.63%
    E5H.SI
  • % Gainers
    % Gainers
    NamePriceChange% Chg
    1.315+0.084+6.82%
    O9A.SI
    0.131+0.006+4.80%
    I9T.SI
    0.16+0.008+5.26%
    5HH.SI
    0.275+0.010+3.77%
    DM0.SI
    0.305+0.010+3.39%
    5UO.SI
  • % Losers
    % Losers
    NamePriceChange% Chg
    0.09-0.020-18.18%
    CL7.SI
    0.70-0.035-4.76%
    L02.SI
    0.151-0.009-5.63%
    A03.SI
    0.30-0.015-4.76%
    K29.SI
    0.205-0.010-4.65%
    510.SI