Friday was a tumultuous day on Wall Street, as market-moving chatter dominated the trading floor. From corporate earnings reports to economic data releases, investors had a lot to digest.
One of the biggest movers of the day was the release of the latest jobs report. The Labor Department reported that the US economy added 210,000 jobs in October, a strong number that beat expectations. This news sent stocks soaring, with the Dow Jones Industrial Average and the S&P 500 both hitting record highs.
Another big piece of news came from the tech sector, as several major companies reported their quarterly earnings. Apple, Amazon, and Alphabet all posted strong results, with each beating analysts’ estimates. This news helped propel the tech-heavy Nasdaq to a new all-time high.
One company that didn’t fare as well was Facebook, which reported disappointing earnings and a decline in active users. The social media giant’s stock tumbled, dragging down the overall market.
In the energy sector, oil prices continued to climb, with Brent crude surpassing $85 a barrel for the first time in years. This was driven by concerns over supply disruptions in key oil-producing regions, such as Iran and Venezuela.
Overall, Friday was a day of mixed news for Wall Street, with some sectors performing well while others struggled. Investors will be closely watching upcoming economic reports and corporate earnings releases to gauge the health of the market moving forward.