Friday, November 4, 2022

Stocks surge on strong jobs data, oil jumps to $92

  • Stocks surge on strong jobs data, oil jumps to $92

    U.S. stocks jumped as investors celebrated a stronger-than-expected October jobs report which saw the addition of 261,000 positions. The 10-year Treasury yield pulled back but remained above 4%. In commodities, oil surged 4% to the $92 per barrel level on reports of China easing COVID restrictions.

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