Nonfarm productivity rose at a 9.5% annual rate in 3Q, well above the forecast of 6.5%. Productivity rose at the fastest pace in six years. Unit labor costs fell 5.2%, versus a drop of 4.2% that was estimated. More from Bloomberg...
The Dow Jones Industrial Average gained 204 points (2.1%) to close at 10,006, the S&P 500 Index rose 20 points (1.9%) to 1,067, while the Nasdaq Composite climbed 50 points (2.4%) to 2,105. Crude oil was $0.78 lower at $79.62 per barrel, and the Bloomberg gold spot price fell $1.30 to $1,090.90 per ounce.
Magnificent Seven Update
Daily Update Of Open Positions...Stocks & ETFs
