Wall Street rises after stronger-than-expected labor market data

Wall Street rises after negative series waiting for macro data

(Finance) – Positive session for Wall Streetafter a US jobs report showed a higher-than-expected increase in payrolls and an unexpected decline in the unemployment rate, easing concerns of a rapid cooling of the economy.

According to data from the Bureau of Labor Statistics, released before the bell, the non-farm payrolls increased by 254,000 in September, following an upwardly revised increase of 159.00 in the previous month; The unemployment rate it fell to 4.1% from 4.2%.

Attention remains high on tensions in the Middle Eastwhich led to a oil price rally in recent days on the risk of serious disruptions to the global supply of crude oil. US President Joe Biden said yesterday that the US was discussing attacks on Iran’s oil facilities, when asked whether he would support Israel’s strikes in retaliation for Tehran’s missile attack on Israel .

Meanwhile, i ports of the US East Coast and Gulf Coast began reopening last night after dock workers and port operators reached a wage agreement to resolve a huge strike.

Between the securities under observation There are Spirit Airlinesafter the Wall Street Journal reported that the low-cost carrier was in talks with its bondholders about a potential bankruptcy filing, and Rivianwhich cut its full-year production forecast and delivered fewer vehicles than expected in the third quarter as it grapples with a parts shortage.

Looking at the main indices of Wall Street, the Dow Jones rises by 0.67% to 42,293 points; along the same lines, positive performance for theS&P-500which continues the day with an increase of 0.79% compared to the close of the previous session. In money the Nasdaq 100 (+1.19%); on the same trend, good performanceS&P 100 (+0.86%).

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