WhatsNew2Day – Latest News And Breaking Headlines
Hello and welcome to Monday October 9 — you’re reading the ABC’s business and markets blog.
Let’s start by looking back at how Friday ended for Wall Street.
U.S. jobs data, much stronger than expected on Friday (at its time), showed increased hiring in September and slower wage growth.
Friday’s rally was also favored by sharp rises in tech stockswith large-cap tech names including Apple, Microsoft And Nvidia all jumping between 1.5% and 2.5%.
At the close, the The Dow Jones is up 0.9%THE S&The P 500 increased by 1.2%and the The Nasdaq gains 1.6%.
As for what this means for us here? We can expect a slightly higher start to the day, with futures up 0.8% to 7,037 points.
Today will also bring a big focus on oil pricesin response to developments in the Middle East over the weekend, he had rose 0.6% to US$84.58 per barrel Friday.
Let’s go ahead and see where Monday takes us, shall we?
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