S&P 500 and Nasdaq Composite close at records after October jobs report [MarketWatch]
FITBIT INC (FIT)
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Source: MarketWatch
S&P 500 and Nasdaq Composite close at records after October jobs report U.S. stocks finished higher on Friday after the October jobs report showed the labor market remains strong, allaying concerns that slower global growth and a weak manufacturing sector would start to hit households. The S&P 500 SPX, +0.97% rose 1% to finish around 3,067, above its precious closing record of 3,046.77 set on Oct. 30. The Dow Jones Industrial Average DJIA, +1.11% added 301 points, or 1.1%, to end at around 27,347, based on preliminary numbers. The Nasdaq Composite COMP, +1.13% climbed 1.1% to end near 8,386, above its previous closing record of 8,339.64, set July 26. The U.S. economy added 128,000 new jobs in October, comparing with analysts' estimates for 75,000 job gains last month. The Labor Department upwardly revised its estimates of employment gains in September and August. On the other hand, the ISM's manufacturing gauge came in at 48.3% in October. Any reading below 50% reflects a cont
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