SPDR Dow Jones Industrial Average ETF Trust comprises 16.7% of Washburn Capital Management Inc.'s investment portfolio, making the stock its 3rd largest position.
The continued job creation in 2019 - on the heels of payroll gains every year since 2010 - would help bolster the Federal Reserve's view that monetary policy doesn't need to be eased further as the USA economy is continuing to grow.
Frank Cappelleri, executive director at Instinet, said this week's moves voided a "potential bearish pattern" in the S&P 500, noting his upside target of 3,530 remains in play.
Earnings reports will begin in earnest next week, with JPMorgan Chase, Bank of America and other big banks on the schedule to tell investors how much profit they made in the last three months of 2019.
Elsewhere, November sales by merchant wholesalers, except manufacturers' sales branches and offices, came to $500.7bn - up 1.5% from the revised October level and up 0.8% from the November 2018 level, according to the Census Bureau. The S&P 500 took on 0.9%, and NASDAQ climbed 1.8% for the week.
Australian teens praised for saving koalas from bushfires
According to the Daily Mail , thousands of koalas are thought to have died in the fires on Kangaroo Island alone. The devastating Australia bushfires have left the wild gasping for breath. "It's been quite emotional".
The S&P index recorded 54 new 52-week highs and no new lows, while the Nasdaq recorded 70 new highs and nine new lows. Many will also give forecasts for 2020.
The average hourly wage rose by 2.9 percent from the same month past year, showing a slight slowdown in growth. On Thursday, two senior Fed officials said they saw no need to change short-term interest rates soon, and that they were upbeat about the economic outlook.
USA markets have enjoyed a strong rally after the Fed cut interest rates three times previous year.
The yield on the 10-year Treasury slipped to 1.86% from 1.87%. Treasury yields fall when their prices rise.
"The employment rate is still below what it was before the financial crisis", said Florian Hense, an economist at Berenberg Bank. France's CAC 40 and the FTSE 100 in London both dipped 0.1 percent.
The Oscars Will Be Host-Free Again
A year ago the Oscars went without a host after the Kevin Hart controversy and the ceremony ended up working out fine. The 2020 Academy Awards ceremony will be hostless for a second year.
Gold rose $5.80 to $1,557.50 an ounce, silver rose 17 cents to $18.03 per ounce, and copper rose 1 cent to $2.82 per pound.
Oil prices ditched 37 cents to $59.19 USA a barrel. Brent crude, the global standard, fell 7 cents to end at $65.37 a barrel.
Wholesale gasoline rose 1 cent to $1.66 per gallon. Heating oil fell 1 cent to $1.95 a gallon.
The dollar rose to 109.54 Japanese yen from 109.52 yen on Monday.
Novak Djokovic lashes out at fans at the ATP Cup
After that, together with Viktor Troisky, the French pair defeated Nicolas Mahroot and Edward Roger Veslin 6-3, 6-6 (5/7), 10-3. The two-time Grand Slam champion and former number 1 in the world took more than two hours and had 16 aces to beat Saqqari.