Stock Market Live Updates Friday: Unemployment Rate Falls to 6.9%

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Happy Friday! Welcome to the end of the trading week, where the U.S. presidential election is still sharply in focus. Former Vice President Joe Biden has pulled ahead in Georgia and Pennsylvania, and maintains his lead in Arizona and Nevada. What will happen as officials continue count the ballots? And when will a network next call a state? Those are some of the top questions investors likely have in the stock market today.

Latest Updates:

  • The Major Indices Slump to Kick Off Friday
  • Unemployment Rate Falls to 6.9%

  • The Major Indices Slump to Kick Off Friday

    [Friday, November 6, 9:41 am]
    Contributed by Sarah Smith

    • The S&P 500 opened lower by 0.03%
    • The Dow Jones Industrial Average opened lower by 0.04%
    • The Nasdaq Composite opened lower by 0.2%
    • The Russell 2000 opened higher by 2.78%
    • Gold opened higher by 0.5% to $1,956.50
    • Bitcoin (CCC:BTC) opened lower by 1.22% to $15,480.19

    Unemployment Rate Falls to 6.9%

    [Friday, November 6, 9:10 am]
    Contributed by Sarah Smith

    The U.S. Department of Labor shared early Friday morning that the unemployment rate has fallen from 7.9% to 6.9%. This comes as the U.S. economy added back 638,000 jobs in the month of October. While it is overall good news, many investors are looking for a stronger sign of recovery.

    What should you watch? As Courtenay Brown wrote for Axios, all eyes are on the presidential race. No matter who ends up in the White House, driving the U.S. out of this novel coronavirus slump is incredibly important.

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