Stock Markets Extends Record Highs, US Labor Market Recovers, Bitcoin Hits $100,000: This Week In The Markets

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Technology and consumer discretionary sectors led the gains, driven by several mega-cap tech giants – Apple Inc.(NASDAQ:AMZN), Amazon.com Inc.(NASDAQ:AMZN) and Meta Platforms Inc.(NASDAQ:META) – hitting new peaks.In November, the U.S.labor market showed robust signs of recovery, with nonfarm payrolls rising by 227,000, up sharply from an upwardly revised 36,000 in October and above expectations of 220,000.

The U.S.stock market posted another week of strong performance, with major large-cap indices such as the S&P 500, the Dow Jones and the Nasdaq 100 extending their record highs.

The unemployment rate inched up to 4.2%, as expected, while average hourly earnings slightly exceeded forecasts.

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Author / Journalist: Piero Cingari

Category: Technology

Markets: United States

Topics: US88160R1014 Benzinga $BTC Stories That Matter Federal Reserve Cryptocurrency STLA Tech Eurozone AMZN Analyst Color Economics TSLA US0231351067 Jerome Powell Equities Large Cap Top Stories META

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-06 @ 21:18:28 (3 weeks ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Readers: 67 people read this story

Article Length: 443 words

Reading Time: 3 minutes read

Sentences: 22 lines

Sentence Length: 21 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Benzinga

News ID: 24176912

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