Stocks Jumped on Strong Jobs Report

U.S. stocks jumped on Friday after strong jobs data made it almost certain the Federal Reserve would raise interest rates in two
weeks. At close, the Dow Jones Industrial Average jumped 369.96 points, or 2.12%, to 17,847.63 and gained 0.3% over the past
week. The S&P 500 gained 42.07 points, or 2.05%, to 2,091.69 and was flat over the week. The Nasdaq Composite was up 104.74 points, or 2.08%, to 5,142.27 and posted a 0.3% weekly gain.

U.S. job growth increased solidly in November in a show of the economy’s resilience, which most likely paves the way for the
Federal Reserve to raise interest rates this month for the first time in nearly a decade. Nonfarm payrolls increased 211,000
last month, the Labor Department said on Friday.

Goldman Sachs said on Friday that oil prices will likely remain “lower for even longer,” as OPEC members failed to agree on a
new production ceiling at the cartel’s meeting in Vienna. The influential Wall Street bank said it forecasts 2016 OPEC crude
production slightly above current output at 31.8 million barrels per day.

E-commerce giant Amazon continues to create more delivery services to get its products onto the doorsteps of more customers.
mazon’s ambitions to expand its massive e-commerce business became clearer today with the announcement that the company will deploy thousands of branded tractor trailer trucks in North America.

The Yahoo board is reconsidering ways to increase its languishing stock price, including a possible sale of the core platform
and advertising business. Most of the value of Yahoo’s stock is locked up in its $32 billion stake in Alibaba, and for almost a
year, the board has focused on trying to dispose of those shares without paying taxes.

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