Market Review and Prediction US stocks closed mixed on Friday's trading session. The Dow Jones Index ended lower, while the S&P 500 and Nasdaq Composite indices closed higher. November's nonfarm payroll data showed the addition of 227,000 jobs, a significant increase from the previous month's 36,000, and above the expected 200,000. The average hourly wage rose by 0.4%, slightly above the expected 0.3%. The unemployment rate stood at 4.2%, in line with estimates. Technology sector stocks experienced gains. Despite the stronger than expected nonfarm payroll data, the market remains optimistic that the Fed will continue its interest rate cuts by 0.25% at the upcoming meeting on December 17-18. The economic data to be released in the U.S. this week includes CPI and PPI. Domestically, upcoming economic data includes consumer confidence index and retail sales figures. The IDX Composite closed up by 0.95% at 7,382 on Friday, December 6, 2024. The…
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