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Wall Street opens upwards after weak job figure

The stock exchanges in New York open Friday's trading upwards after an unexpectedly weak job figure for October from the US Department of Labor. American long-term interest rates are simultaneously being pushed downwards.

» Published: 01 November 2024

Wall Street opens upwards after weak job figure
Photo: Richard Drew AP/TT

The S&P500 index and the Nasdaq composite index rise by 0.6 per cent each in early trading following the report of 12,000 new jobs outside the agricultural sector in the USA in October – compared to the expected 100,000.

The large Boeing strike and hurricane effects are behind the weak job figure.

The e-commerce chain Amazon is among the heavy winners with a price increase of 6.2 per cent after an interim report after closing on Thursday, while iPhone manufacturer Apple – which also reported a quarterly report on Thursday – brakes the upturn with a price fall of 1.6 per cent.

Processor manufacturer Intel is also moving upwards with an increase of 2.7 per cent.

The oil price on the world market rises since Iran signalled that it plans a new attack on Israel. Oil shares such as Exxon Mobil and Chevron – which both presented quarterly reports on Friday – rise by 1.8 and 4.0 per cent, respectively.

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By TTThis article has been altered and translated by Sweden Herald

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