Friday, October 8, trading on the U.S. stock market started opposite changes of indices, as investors have not decided how exactly to respond to the most awaited event of the week - the September report on unemployment in the country. The fact that, according to U.S. Department of Labor presented (US Department of Labor) data, the unemployment rate in September remained unchanged from August and amounted to 9,6%. Analysts forecast growth rate to 9,7%. However, disappointing was the number of jobs in nonagricultural sectors of the country - it is for the month decreased by 95 thousand, while economists do not expect changes at all. In addition to the negative side was the revised August figure is now believed that in August the number of jobs declined by 57 thousand
Thus, we get a vague picture - the number of jobs shrinking and unemployment is not rising. And after a little hesitation investors have decided to act on previously sketched plans: report was considered negative, the state of the economy - worsening, and it gave the bidders expect the beginning of a new round of inflation of the money market and, consequently, growth in commodity prices and stocks. President of the Federal Reserve Bank of St. Louis, James Bullard, however, noted that the decision to introduce additional measures stimulating the U.S. economy at the next meeting of the Committee on Open Market (FOMC), which will be held in November 2010, it is unlikely, since slowing the economic recovery yet not so strong. But judging by the dynamics of quotations, his words few people listened, the more so that Fed Chairman Ben Bernanke has already announced these measures almost.
Following the auction on October 8, the Dow Jones rose to 57.9 points (0.53%) - to 11,006.48 points, NASDAQ - at 18.24 points (0.77%) to 2,401.91 points, S & P - by 7.09 points (0.61%) - to 1165.15 points.
