Why Did Stocks Close At A Record-High After Disappointing Jobs Report?
Published Friday, December 4, 2020 at: 8:30 PM EST
Stocks closed at a new all-time high today despite a bad surprise on the employment situation. What's driving stocks? The combination of a weak bond market and Covid economic conditions are key pieces in today's puzzling investment news. Friday morning's Bureau of Labor Statistics' release that 245,000 jobs were gained in the U.S. in November, was down from 610,000 in October, and lower than the 457,500 new jobs that economists expected. That was a bad surprise. Friday morning's Bureau of Labor Statistics' release that 245,000 jobs were gained in the U.S. in November, was down from 610,000 in October, and lower than the...
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