( NYSE: DIDI) traded about flat on Thursday and early trading Friday had the stock down 10%. The FTC argues that the combined firm “would have the means and incentive to stifle innovative next-generation technologies, including those used to run data centers and driver-assistance systems in cars.” Nvidia stock closed up about 2.2% on Thursday and traded down less than 1% in Friday’s premarket.Ĭhinese ride-hailing firm DiDi Global Inc. The Federal Trade Commission (FTC) on Thursday filed a lawsuit to block Nvidia’s proposed $40 billion acquisition of chip designer ARM. Stocks held on to slim gains following the data release. The headline unemployment rate fell from 4.6% in October to 4.2%, lower than the estimate of 4.5%. The October number may have been skewed by seasonal employment.
Private employers added 235,000 workers last month, compared to an adjusted total of 628,000 new jobs added in October. non-farm payrolls added just 210,000 workers last month, less than half the consensus estimate of 545,000. Department of Labor employment situation report for November showed that the U.S. Yields on 10-year Treasuries were down nearly three basis points. Crude oil traded up nearly 3% at around $68 a barrel, and Bitcoin was basically flat at $56,931. Before November’s employment report was released, traders were keeping their powder dry, with the major indexes up only slightly.
All 11 sectors closed higher, with financial and industrial stocks both up 3.0% and the energy sector up 2.9%. equity markets closed higher Thursday, led by the Dow Jones industrials, which added 1.8% on the day.