US Stocks Close Mixed After November Jobs Report


Posted on: December 2nd, 2016 by ABC News No Comments

iStock/Thinkstock(NEW YORK) — Wall Street closed mixed Friday after the November jobs report was released.

The Dow fell 21.51 (-0.11 percent) to finish at 19,170.42.

The Nasdaq gained 4.55 (+0.09 percent) to close at 5,255.65, while the S&P 500 finished at 2,191.95, up 0.87 (+0.04 percent) from its open.

Crude oil jumped over 1 percent with prices hitting about $52 a barrel.

Jobs Report: According to the U.S. Bureau of Labor, 178,000 jobs were added last month and the unemployment rate fell to 4.6 percent. The solid numbers will likely reinforce the Federal Reserve’s case to raise interest rates this month, the second time the country has seen a rate hike since the 2008 recession.

Winners and Losers: Shares in Starbucks Corporation sunk 2 percent after CEO Howard Schultz announced he would be stepping down from the company.

Pandora Media Inc’s stock soared 16 percent on a CNBC report that the music streaming company is reportedly looking for a buyer.

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