PSX - Investor Fear Eases Following Jobs Data; Dow Jumps Over 200 Points | Benzinga
The CNN Money Fear and Greed index showed easing in the overall fear level, but the index remained in the "Fear" zone on Friday.
U.S. stocks closed higher on Friday, with the major indices recording their best week in 2023 following the release of jobs data for October.
The U.S. economy added 150,000 jobs in October compared to a revised 297,000 gain in September, and versus market estimates of 180,000. The unemployment rate rose to 3.9% in October from 3.8% a month ago. Average hourly earnings for all employees on private nonfarm payrolls rose by 0.2% to $34.00 in October.
The Federal Reserve, last week, maintained interest rates for a second consecutive time.