Morning the Labor Department released the same day the closely watched employment report in October, the results than investors had expected much stronger. Data show that in October a total increase of jobs in the United States 15.1 million people, the first increase since May. However, the U.S. is still the third consecutive month the overall unemployment rate remained at 9.6% of the peak, and this brings investors delight I felt a little disappointed.
In the employment report is released, the U.S. stock market a little round up, but soon showed signs of a break. After midday, the main stock index will be in a very narrow range of fluctuation.
Some analysts have pointed out, the stock market break in many investors expected. After the early strong gains, the three major indexes are now back up to the level before the financial crisis, but the U.S. economic recovery is also extremely slow. Although the new round of the introduction of quantitative easing continue to rise in the stock market provides a rationale, but the market's confidence in the economy ultimately needs to be supported effectively improved.
However, the performance of the stock market this week in New York is still bright. The best measure of market trends, the week the S & P index has risen 3.5% over the past two months, the biggest increase since the week.
New York stock markets closed, the Dow Jones 30 Industrial Average index over the previous trading day up 9.24 points to close at 11,444.08 points, or 0.08%. Standard & Poor's 500 index rose 4.79 points to close at 1225.85 points, or 0.39%. The Nasdaq composite index rose 1.64 points to close at 2578.98 points, or 0.06%.