U.S. Daily Market Review 10.2.20

U.S. stocks only partly advanced after the stocks in China are now open after an extended new year holiday triggered by the coronavirus outbreak.

At 10:01 a.m. ET, the Dow Jones Industrial Average gained 52.49 points, or 0.18%, at 29,155.00. The S&P-500 surged6.05 points, or 0.18%, at 3,333.76.

The Nasdaq Composite inclined 33.97 points, or 0.36%, at 9,554.48. Amazon.com added 2%, helping the consumer discretionary firm 0.9%, the most among the main S&P sectors.

Almost 4 million labour units are added to payrolls this in January alone.

Also, the unemployment rate reduced to 3.6% from 4.4%.

Moreover, Google’s (GOOGL.O) hopes to secure a 12.5% stake in Africa’s largest wind farm have been removed after delays to the project.

In reality, the 310 megawatts (MW) Lake Turkana wind farm in Kenya was first expected to be completed in 2017.


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