United States. The stock rallied on Friday, recovering losses in premarket trading after the Department of Labor estimated that the US economy added 136,000 jobs in August, enough to bring the unemployment rate down to a 50-year low of 3.5% , but not to persuade the Federal Reserve
Investors are waiting for Federal Reserve Chairman Jerome Powell's speech later Friday.
How effective are the indicators?
The Dow Jones Industrial Average
DJIA, + 0.92%
rose 237 points, or 0.9%, at 26,439, the S&P 500 index
SPX, + 0.94%
added 28 points, or 1%, to 2938, while the Nasdaq Composite
COMP, + 0.99%
increased 78 points, or 1%, to 7,949.
On Thursday, the Dow closed at 122.42 points, or 0.47%, at 26,201.04 , while the S&P 500 rose 23.02 points, or 0.8%, to 2,910.63, while the Nasdaq Composite Index rose 87.02 points to 7,872.26, an increase of 1.12%.
During the week, the Dow was down 1.5%, the S&P 500 was down 1.3%, but the Nasdaq was up 0.1% on the week. Russell 2000 Index
ROUTE, + 0.30% ,
which suffered a bearish "cross of death" on Thursday, was on track to fail by 2.1%.
What contributes to the development of the stock market?
136,000 new jobs in the US created in September were slightly lower than the economics estimate of MarketWatch, 150,000, but a review of job growth in July and August showed that the US economy added another 38,000 new jobs months earlier. The average job growth of 157,000 over the last three months is sufficient to reduce the unemployment rate, even if it illustrates the continued slowdown in US job growth. "
" This is the classic definition of the "Golden Golds" report, "said Michael Arone, chief investment strategist at State Street Global Advisors, to MarketWatch." The job growth is slowing, but the job market continues to be a strong US economy. " Average hourly wages for workers fell 1 percent to $ 28.09 after rising in August 11. Annual wage growth fell to 2.9% from 3.2% in August.
"One concern is is that the average hourly wage is a bit high, "said Aaron." Some may take this as a positive one because wages are not rising enough to push inflation and this will allow the Fed to cut rates again. "
Investors give a slightly less chance that the Fed will cut interest rates At the next meeting, which ended on October 30, 39; yesterday, Fed prices dropped 80.7% later this month, down about 90% before the release of the report; however, the market still has more than a 91% chance of contracting by the end of 2019.
Job data become especially important after reports of US factory activity showed a cut in September, with the Institute for Supply Management reporting Tuesday's weakest reading in a decade and an ISM production report on Thursday, At 52.6%, it was the weakest level in almost three years.
Vice President of the Federal Reserve Richard Clarida at the end of Thursday reduced the chances of a temporary decline. He said the risk remained low "with the right monetary policy", speaking at a Wall Street sponsored Q&A session.
Clarida did not offer clear guidance on whether the Fed would again reduce rates at its October 29-30 meeting.
Investors also watched the events on the trading front, and the stocks added their earnings late Friday after President Trump told reporters in the White House that there was "a very good chance" that between the US and the United States could an agreement will be reached. China. The two sides are set to meet at a high-level talks in Washington on October 10-11.
The parade of other Fed speakers, headed by 2:00 pm, is also in the spotlight. a talk from Fed Powell's chairman, where he will make introductory remarks about the employment and price stability of the Fed's event.
Prior to that, Boston Federation President Eric Rosengren spoke at 8:30 at an event in his home region, Atlantic Fed boss Rafael Bostic made a remark at 10:25 in New Orleans, Federal Republic of Minneapolis President Neil Kashkari at 45:00 evening in the west in his area. Refusing Friday's speeches, Federal Federal Minister Lael Brainard, who moderates the panel at 2:10 p.m., and Fed Vice President for Supervision Randall Quarles, who oversees the group's work at 4 p.m.
How do other markets trade?  Shares of Apple Inc .
AAPL, + 2.35%
rose after a report in Nikkei Asian Review that the company had asked suppliers to increase production of its latest iPhone 11 model by 10%, or 8 million units.  Costco Wholesale Corp. .
COST, + 0.71%
reported fiscal fourth-quarter earnings after the end of Thursday, with earnings and earnings not matching Wall Street estimates, with 5.1% growth in store sales lived up to expectations.
How do other markets trade?
Yield on a 10-year US Treasury note
fell by about one basis point to 1,522%.
Gold prices receded after rising on Thursday. Gold for December deliveries
fell 3.90 to $ 1510.10. An ounce on Comex.
Intermediate Oil in West Texas for Delivery in November
went up 44 cents to $ 52.90 a barrel on the New York Mercantile Exchange.
In Hong Kong Wednesday night, Hong Kong Khan Seng
declined 1.1% as Hong Kong leader Kerry Lam banned protesters from wearing masks, reinforcing the government's position on the most devastating crisis since returning to China in 1997 The mask comes into effect on Saturday.
Meanwhile, the Japanese Nikkei 225
NIK, + 0.32%
meanwhile gained 0.3% after falling 2% on Thursday. European stocks were mostly higher, and Stoxx Europe 600
SXXP, + 0.73%