The meta increases by 20 percent after monster numbers

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A minute after trading took off on the New York stock exchange, the Nasdaq index has risen 0.3 percent and stands at 15,401.43 points, while the Dow Jones falls 0.2 percent to 38,452.30 points. The S&P 500 rose 0.2 percent to 4,917.29 points.

The ten-year US government bond yield rises to 4.01 percent while the VIX index, also called the fear index, rises 1.6 percent to 14.10.

Monster numbers

On Thursday evening, Meta and Amazon received a lot of attention when they presented quarterly figures that appeased investors on Wall Street. When trading ended on Friday, Meta rose over 20 percent while Amazon climbed 7.7 percent.

“Monster numbers from Meta and Amazon”, is the verdict from Roger Berntsen in Nordnet.

Macro

353,000 new non-agricultural jobs were added in the US – non-farm payrolls – during January, according to the US Bureau of Labor Statistics. This is an increase from 333,000 new jobs during December. In advance, 180,000 new jobs were expected, according to Trading Economics.

As a result, unemployment outside agriculture remains at 3.7 per cent in the USA.

– Strong across the board. Job growth shatters expectations, unemployment is lower than expected, and wage growth higher than expected. You can probably forget about any cuts in March if this continues, comments chief economist Marius Gonsholt Hov at Handelsbanken Capital Markets.

The article is in Norwegian

Tags: meta increases percent monster numbers

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