The Dow Jones industrial average increased to 17891,2 paragraph, hi-tech NASDAQ has fallen to 5124,6 points, the index of wide market S&P 500 grew to 2100,31 item.
MOSCOW, 6 Nov. American stock indices demonstrated mixed dynamics at the opening of trading on Friday after strong data on unemployment for October reinforced fears of a base rate increase by the fed in December, according to data exchanges.
As at 17.35 GMT the Dow Jones industrial average rose 0.16% to 17891,2 item. High-tech NASDAQ fell by 0.06% to 5124,6 item. The index of wide market S&P 500 grows on 0,03%, to 2100,31 item. Immediately after the opening of all the three indices showed a slight negative trend.
On Friday it became known that unemployment rate in the U.S. in October was 5%, while the number of jobs in non-agricultural industries increased by 271 thousand. Analysts had expected the unemployment rate to reach 5.1%, and the number of jobs will grow by 184 thousand.
Analysts believe that such strong statistics can provide a further impetus for the fed to raise rates in December, as unemployment is one of the key factors to assess the prospects of a rate increase by the fed this year.
“The figure (statistics / ed) shocking. People need to prepare for the rate hike in December. I assume that the probability of this event will soar to 90% and above, if nothing bad will happen until December”, — quotes Agency Bloomberg of a word of a senior economic strategist at LPL Financial Corp. in Boston John Canalli (John Canally).