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Wall Street messmerized by job figures and Amazon profits



The stock exchanges in New York opened on Friday on the first trading day of February.



02.Feb.19 2:40 PM
By Abigail Richards
Photo toinnov.com

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Wall Street messmerized by job figures and Amazon profits
The stock exchanges in New York opened on Friday on the first trading day of February. Investors on Wall Street are looking at the important American job report and figures from, among others, Amazon, Honeywell and ExxonMobil. There are also many other macroeconomic data.

The Dow-Jones index recorded 0.3 percent higher at 25.066 points shortly after the start. The broad S & P 500 rose 0.1 percent to 2707 points and technology trade Nasdaq delivered 0.1 percent at 7273 points.

The job report showed that employment in the United States increased by 304,000 jobs in January. Economists averaged 165,000 jobs. Job growth in December was adjusted down to 222,000 from a previously reported 312,000. Unemployment climbed to 4 percent and average weekly hourly wages rose by 0.1 percent on a monthly basis.

Amazon went down almost 5 percent. The online retailer posted a 20 percent increase in turnover in the fourth quarter, at 72.4 billion dollars with a record profit of 3 billion dollars. However, the turnover forecast for the first quarter is lower than expected and there are concerns among investors about the rising costs.

Industry company Honeywell (plus 1.5 percent) achieved annual revenues of 41.8 billion dollars, while profits rose sharply. ExxonMobil oil and gas company benefited from rising oil prices and made a profit of $ 20.8 billion in 2018.



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