The Traderszone Network

Published in TZ Latest News 4 December, 2015 by The TZ Newswire Staff

Wall Street jumps, dollar gains after U.S. jobs report

Stocks on Wall Street rallied on Friday after strong jobs data made it almost certain the Federal Reserve would raise interest rates in two weeks, while a surprise move by major oil exporters to keep pumping near-record output pushed crude prices down. The dollar rose, gold climbed about 2 percent and base metals, including copper, gained after the U.S. jobs report for November paved the way for the Fed to raise rates for the first time in nearly a decade at a two-day meeting that ends Dec. 16. The U.S. economy created 211,000 jobs in November, the U.S. Labor Department said.