US bourses rose on weak labor market data

The main US stock indices ended Friday's trading on a positive note, which was facilitated by the publication of the employment report in the country, which turned out to be weaker than expected. Players looking for signs of stability in the U.S. economy took it as a factor that could keep the Federal Reserve from further increases in the key rate.

At the end of Friday, the Dow Jones added 0.66%, the S&P 500 added 0.94% and the Nasdaq added 1.38%. The Dow showed the best weekly growth since October (4.4%), and the other two indices - since November last year (4.9% and 5.2% respectively), reports

Unemployment in the United States in September rose 0.1 percentage points from August to 3.9%. The number of new jobs in the period under review was 30 thousand less than the forecast figure - it amounted to 150 thousand; a month earlier this figure was equal to 336 thousand. The growth of average hourly wages (+0.2%) also did not meet expectations.

Earlier on Wednesday, the head of the Fed Jerome Powell allowed another rate hike at the December meeting, but under the influence of the released statistics, market participants are inclined to believe that he will not go for this step, the portal writes.