Wall Street ended the session in positive territory, causing the three major indexes to break a four-day losing cycle.
The industrial Dow Jones rose 1.26% to 32,403.22 points, while the S&P 500 added 1.36% to 3,770.55 points. The Nasdaq Composite Technology Index added 1.28% to 10,475.25 points.
The session was marked by the release of employment data on a day when investors were still seeing a drop in the dollar strength indicator, which has not been seen since March 2020.
US companies created 261,000 jobs in October, exceeding forecasts (200,000). The unemployment rate, in turn, rose to 3.7%, exceeding the September figure of 3.5%. Since April, the unemployment rate has fluctuated between 3.5% and 3.7%.
Among the major market moves, Coinbase bonds ended the day up 5.41% after gaining more than 13% during the session. Despite the loss of $545 million, investors were encouraged by the number of users making monthly transactions that exceeded expectations (albeit lower than in the previous two quarters).
Microsoft stood out among big tech with 3.33% growth, with the computer giant benefiting from a weaker dollar as many of its sales are made outside the US.
“This week serves as a reminder of the high volatility and emotional distress for investors that is likely to continue for much of the year,” said Mark Hackett, head of research at Nationwide.
