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U.S. stocks edged higher Friday

Tiger Newspress2021-10-08

(Oct 8) Stock market opens slightly higher as September jobs report comes in lighter than expected.

Dow gains 0.1%; S&P 500 rises 0.2%, Nasdaq Composite advances 0.3% early Friday.

China tech names mixed in early trading.

Camber Energy surged 30% in early trading.

The yield on the benchmark 10-year Treasury note climbed above 1.6% before the jobs report was out, for the first time since June. It then edged down to 1.58% in recent trading.

The U.S. added 194,000 jobs in September,data showed Friday, substantially less than expected and down from August. Economists had forecast a gain of 500,000 jobs. The end of federal Covid-related jobless benefits and reopened schools drove some workers back into the labor force, but the Delta variant and persistent staffing shortages are restraining the recovery.

“I was surprised at how bad the miss was,” said Shana Sissel, chief investment officer at Spotlight Asset Group.

The Federal Reserve has said the labor market’s recovery is the key variable driving monetary policy and investors are watching closely to see if Friday’s report could affect plans to taper stimulus.

Volatility returned to markets in recent days, with the S&P 500 swinging at least 1% for three out of four days this week. Investors have been focused on surging energy prices, concerns about inflation and negotiations on the debt ceiling. Lawmakers struck a deal for ashort-term extension to the debt limitin the Senate on Thursday, stoking a rally in the stock market.

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评论40

  • FrederickL
    ·2021-10-10
    Great. Like!
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  • koolgal
    ·2021-10-09
    Alibaba went up slightly! Must be Charlie Munger's doing.  Camber Energy is hot, shot up 30 %!  Let's see how next week would pan out. 🤔
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    • NgJiaWei
      yay
      2021-10-09
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    • 591ccf29
      to the moon!
      2021-10-09
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    • 滚股怪
      Up to moon
      2021-10-09
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    查看更多 2 条评论
  • tkj
    ·2021-10-09
    Market is irrational again....job report showed a big disparity from forecast but stocks are going up...why???...isn't it time to retreat or expecting another stimulus? Come on...the debt ceiling has been reached and Congress is debating to raise it...what more stimulus coming?
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  • 丰人
    ·2021-10-09
    Like
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  • MengKeng
    ·2021-10-09
    Let the rise continue so the past few weeks have been volatile. we then sell with profit and make buy again when it is dipping, Haha
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  • Lucky_Leg
    ·2021-10-09
    Like
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  • TK360
    ·2021-10-09
    Wonderful 
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  • DanVI
    ·2021-10-09
    Pls like 🙏
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    • WWXY
      okay
      2021-10-09
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  • replaygoh
    ·2021-10-09
    haha
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  • Slee49
    ·2021-10-09
    Good read
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    • Slee49
      Like
      2021-10-09
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    • seojun
      yess
      2021-10-09
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  • Dreamchaser9
    ·2021-10-08
    Ok
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  • LuckyLucky
    ·2021-10-08
    Like
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    收起
  • FlorCheah
    ·2021-10-08
    It will have strong Rebound
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    收起
    • chunkiat14
      hopefully
      2021-10-08
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    • seojun
      my hope too
      2021-10-09
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    • MFME
      i really hope..
      2021-10-09
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  • bigninja
    ·2021-10-08
    Yay
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    收起
    • Justin8991
      Ok
      2021-10-08
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    • jtttm
      ok
      2021-10-08
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  • KailashN
    ·2021-10-08
    Good! Like please
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  • vbjvvbb
    ·2021-10-08
    Ok
    回复
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    收起
  • yuannn
    ·2021-10-08
    nice
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  • ISSEY1413
    ·2021-10-08
    Oct is good mth to buy Chinese stock!! Buy while it's cheap.....[冷漠] 
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    • ISSEY1413
      share and re-share...tell your friends!!! [你懂的] [你懂的] [你懂的]
      2021-10-08
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    • KLCC
      Is it really cheap or will the chinese govt still throw in more Spannars? 🤷🏻‍♂️
      2021-10-08
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    • ISSEY1413
      fengshui say will kikiki....make your own choice.
      2021-10-08
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  • gen2000
    ·2021-10-08
    Nice one! 
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  • AhSon
    ·2021-10-08
    Sure
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