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- S&P 500 Index climbs to new record high above 4,700
S&P 500 Index climbs to new record high above 4,700
- Wall Street's main indexes opened higher on Friday.
- Upbeat October jobs report seems to be providing a boost to risk sentiment.
- Healthcare is the only major S&P sector trading in the negative territory.
Major equity indexes extended the weekly rally on Friday and reached new all-time highs with the upbeat October jobs figures allowing risk flows to continue to dominate the financial markets.
As of writing, the S&P 500 was trading at 4,710, rising 0.67% on a daily basis. The Dow Jones Industrial Average was up 0.7% at 36,355 and the Nasdaq Composite was gaining 0.8% at 15,940.
The US Bureau of Labor Statistics reported on Friday that Nonfarm Payrolls rose by 531,000 in October, surpassing the market expectation of 425,000. Additionally, the Unemployment Rate edged lower to 4.6% from 4.8% in September.
Among the 11 major S&P 500 sectors, the Industrial Index is up 1.3% as the biggest gainer after the opening bell. On the other hand, the Healthcare Index is the only major sector trading in the negative territory, losing 1%.
S&P 500 chart (daily)
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