This factoid does nothing to explain the rise in stocks around the world, other than perhaps they are following the US lead. Overnight the Hang Seng jumped by more than four percent in Hong Kong and Japan's NIKKEI posted a 2.50% gain, boosting the index by 556 points.
Early trading in Europe has all the major indices higher as well, with Germany's DAX and France's CAC 40 leading the move.
With non-farm payroll data due to roll out at 8:30 am ET, stocks are poised for another big move up at the open. Expectations are for a jobs gain of more than 200,000 in October.
Dow Jones Industrial Average November Scorecard:
Date | Close | Gain/Loss | Cum. G/L |
11/1/18 | 25,380.74 | +264.98 | +264.98 |
At there Close, Thursday, November 1, 2018:
Dow Jones Industrial Average: 25,380.74, +264.98 (+1.06%)
NASDAQ: 7,434.06, +128.16 (+1.75%)
S&P 500: 2,740.37, +28.63 (+1.06%)
NYSE Composite: 12,356.50, +148.44 (+1.22%)
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