Investing.com - Financial Markets Worldwide
Black Friday is Now! Don’t miss out on up to 60% OFF InvestingProCLAIM SALE

NewsBreak: U.S. Stocks Struggle to Earn Gains

Published 12/06/2019, 03:08 AM
Updated 12/06/2019, 03:44 AM
© Reuters.
NDX
-
US500
-
DJI
-
JPM
-
CPB
-
IXIC
-
RH
-

Investing.com – Stocks were climbing back from early losses Thursday, a day before the Labor Department's monthly report on payroll employment and unemployment.

  • The S&P 500 and the Dow were up very slightly at 2:10 p.m. ET (19:10 GMT). The Nasdaq Composite was down a bit while the Nasdaq 100 index was showing a small gain. The Dow had been down as many as 87 points early in the day after gaining 147 points on Wednesday.

  • Materials, financials and techs were the strongest sectors, with consumer staples and energy the weakest. JPMorgan Chase (NYSE:JPM), Campbell Soup (NYSE:CPB) and RH (NYSE:RH), formerly Restoration Hardware, were among stocks hitting new 52-week highs.

  • Helping the market along was a bullish Labor Department report on initial jobless claims, which fell to a seven-month low.

    • The Labor Department's job report will come out at 8:30 AM ET (13:30 GMT). Analysts tracked by Investing.com expect the report to show the economy added 186,000 jobs in November, up from 128,000 jobs in October and 155,00 jobs in November 2018. The unemployment rate is projected to hold steady at 3.6%, unchanged from October and down slightly from December 2018.

    Latest comments

    Install Our App
    Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
    Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
    Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
    It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
    Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
    © 2007-2024 - Fusion Media Limited. All Rights Reserved.