US stock markets opened on Friday, December 4, with well-coordinated growth that increased by the end of the day, enabling the key indexes to close the session at new historical highs.
A new record for COVID-19 was registered by the United States on the previous day, identifying more than 217 thousand new cases. Against this backdrop, labor market statistics show a new slowdown. According to the Ministry of Labor, the number of new jobs outside agriculture increased by only 245 thousand in November, which is significantly lower than the 460 thousand predicted, and this is the worst indicator since May 2020. This did not scare the players, however, but rather boosted expectations that Congress would accelerate new economic support initiatives.
Meanwhile, according to the Commerce Department, orders for manufactured products in the United States in October rose for the sixth month in a row and increased by 1.0 percent, which was higher than the consensus estimate.
The Dow Jones Industrial Average rose 248.74 points, or 0.83 percent, to 30,218 at the close of trading. With an addition of 32.40 points, or 0.88 percent, the Standard & Poor’s wide market index rose to 3,699 points. The high-tech industries’ NASDAQ Composite index rose 87.05 points, or 0.7 percent, to close at 12,464 points.
Shares of the vaccine manufacturer Moderna Inc. (MRNA) decreased by 3.01 percent to $152.52 after strong previous development in the week.
The Boeing Company’s (BA) shares dropped by 1.89 percent to $232.71, after the management of the company announced a decline in production of the 787 Dreamliner for the fourth time in the past one and a half year.
The Home Depot Inc (HD), a chain which sells home improvement products, was 1.55 percent cheaper to $263.99 as the utility sector also traded lower in the trading on stock markets on Friday.