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US Stocks Down; Nonfarm Payrolls Rise By 199,000 In November

Benzinga ·  Dec 8, 2023 09:44

U.S. stocks traded mostly lower this morning, following the release of jobs data on Friday.

Following the market opening Friday, the Dow traded down 0.08% to 36,089.67 while the NASDAQ fell 0.24% to 14,306.13. The S&P 500 also fell, dropping, 0.12% to 4,580.07.

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Leading and Lagging Sectors

Energy shares rose by 0.8% on Friday.

In trading on Friday, communication services shares fell by 0.8%.

Top Headline

Non-farm payrolls grew by 199,000 in November, an increase from the 150,000 reported in October and above the expected 180,000.

The unemployment rate fell to 3.7% in November from 3.9% in the previous month.

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