The floor of the New York Stock Exchange is being worked on by traders.
The Labor Department's before-the-bell release of its November data showed slowing jobs growth and a big miss compared to expectations. The nation's unemployment rate fell more than expected. The investors are trying to figure out if the Federal Reserve will accelerate the pace of its monthly bond purchases.
More omicron cases in the US were reported on Thursday, but the Dow Jones Industrial Average still soared 617 points. The benchmark fell from a 520-point gain to a 460-point loss after the first U.S. case was reported. After a brief respite Monday, the Dow fell more than 2% on Tuesday. Blue chips fell 2.5% in last Friday's holiday shortened session after it was revealed that omicron was discovered in South Africa.
The morning after issuing weak forward guidance, shares of DocuSign plunged more than 30%. Musk's recent stock sales brought his recent stock sales to $10.9 billion. Didi Global's shares dropped 10% after the Chinese ride-sharing firm announced plans to delist from the New York Stock Exchange and go for a listing in Hong Kong. The stock dropped more than 45% from its IPO price.
There is a sign for a job fair on 5th Avenue after the jobs report in New York.
The government said Friday that the U.S. economy created 210,000 jobs in November. The reading was much lower than anticipated. October was revised up to 546,000. The unemployment rate fell to 4.2% last month, a positive sign, compared to the smaller dip that economists expected. Average hourly earnings rose 4.8% in November. That was a tad below estimates. The Fed Chairman said this week that the central bank could speed up the pace of its bond-buying program. The Fed will discuss the possible move at its December meeting according to Powell.
There are Vials and a medical needle in front of the FDA logo. The FDA found the vaccine.
The Wall Street Journal is reporting that the FDA is getting ready for a rapid review of omicron-specific vaccines and treatments. The agency has been meeting with drugmakers to set guidelines for what data is needed for quick evaluation, according to the Journal. The CEOs of Pfizer and Moderna told CNBC that it will take about a couple of weeks to gather enough data to figure out what impact omicron's mutations have on the effectiveness of the current vaccines.
There is a sign outside of a hospital in New York City.
At least five U.S. states have now confirmed cases of omicron, as scientists investigate whether the strain is more infectious and virulent. The first US case of omicron was confirmed by California. Minnesota public health authorities confirmed the second case of omicron in a resident who recently returned from New York City. New York confirmed five cases. Kathy Hochul told residents that the state will not go back to the sweeping shutdowns imposed during the start of the Pandemic in March 2020.
The South Court Auditorium of the Eisenhower Executive Office Building is where President Joe Biden will speak on supply chain issues on December 1, 2021.
The short-term government spending bill is expected to be signed by President Joe Biden on Friday. The legislation was quickly passed by the Senate and the House and will keep the government running. Figuring out how to increase the nation's debt ceiling to pay its bills before Dec. 15 is one of the things that lawmakers need to avert. The Treasury Secretary said the limit would be reached. It is almost two weeks later than her initial forecast.
The report was contributed to by the news agency. You can follow the market action on CNBC Pro. CNBC has coverage of the coronaviruses.
