How major USA stock indexes fared on Friday

US stocks pull back from records following jobs report

Wall Street struggles to build on Thursday's gains after uninspiring NFP data

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.

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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.

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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.

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