Wall St closes higher as Amazon gains offset weak job growth


The Dow rose 288.73 points, or 0.69%, to 42,052.19, the S&P 500 gained 23.35 points, or 0.41%, to 5,728.80 and the Nasdaq gained 144.77 points, or 0.80%, to 18,239.92. — Reuters

NEW YORK: Wall Street's major indices ended higher on Friday, rebounding from the previous day's sell-off as Amazon's strong earnings countered a significant drop in US job growth in October.

Amazon.com rose 6.2% after it reported earnings on Thursday that revealed strong retail sales, boosting profit above Wall Street estimates.

Subscribe now and receive FREE sooka plan for 1 month.
T&C applies.

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

   

Next In Business

Cautious tone expected for ringgit versus US dollar trading next week
U Mobile to reduce foreign majority shareholdings to 20%
MACC investigating Khazanah, PNB's RM43.9mil FashionValet loss
Oil settles slightly higher on Iran worries
Wall St Week Ahead: US election, Fed meeting in spotlight
Execution vital for MSME success
Concert hall hits a higher note
Maximising your unit trust returns
Selling pressure amid Mideast and polls anxiety
Low volatility a remedy for the extremes?

Others Also Read