Wall St closes higher as Amazon's gains offset weak job growth
Fri November 1, 2024 4:36 PM
Yesterday’s panic over uncertain costs for AI and today’s weak jobs report showing almost no growth compared to September was more than compensated today by a glowing Amazon report showing strong retail, besides which the jobs report was admittedly watered down by the combo of the Boeing strike and the two mega-hurricanes, all of which are big anomalies. Election uncertainty remains dominant but bets are still strong for a ¼ point November rate cut. The new month seems to be offering renewed optimism as reflected in the 12.13 billion volume vs 11.7 billion average.
DJ: 41,763.46 -378.08 NAS: 18,095.15
-512.78 S&P: 5,705.45
-108.22 10/31
DJ: 42,052.19 +288.73 NAS: 18,239.92
+144.77 S&P: 5,728.80
+23.35 11/1
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