U.S. equities staged a strong comeback on encouraging jobs data as markets in Europe and Asia also ended the week on an upbeat note.

The Dow Jones Industrial Average, S&P 500 and Nasdaq Composite Index all rose more than 1 percent after the Department of Labor reported that employers added 248,000 jobs in September, reducing the unemployment rate to 5.9 percent from 6.1 percent in August. The September measure was the lowest since the 5.8 percent registered in July 2008, two months before the financial crisis.

The WWD Global Stock Tracker ended a four-session losing streak with a 1 percent increase to 99.68, putting it 0.8 percent lower than at the conclusion of last week.

It reflected the upswing in U.S. stocks and recovery as well in markets including London and Milan, where the FTSE 100 and FTSE MIB rose 1.3 and 1.5 percent, respectively.

Markets in Germany, China and Korea were closed Friday. The Hong Kong market reopened after a holiday, and the city’s Hang Seng Index recorded a 0.6 percent increase despite ongoing protests by pro-democracy demonstrators.

Esprit Holdings Ltd. led the day’s group of advancing stocks, rising 8.8 percent to 10.92 Hong Kong dollars, or $1.41 at current exchange. The Bon-Ton Stores Inc. followed with a 5.9 percent increase to $9.05. Sears Holdings Corp. shares grew 4.4 percent to $28.26 on the day after the retailer outlined plans to offload the bulk of its 51 percent stake in Sears Canada.
 
Elizabeth Arden Inc. was up 4 percent to $17.42 and J.C. Penney Co. Inc. saw shares close at $10 after a 3.8 percent spurt.
 
Declines were led by Quiksilver Inc., down 4.4 percent to $1.72; Giordano International Ltd., down 3.3 percent to 4.07 Hong Kong dollars, or 52 cents, and Luen Thai Holdings Ltd., down 2.6 percent to 1.86 Hong Kong dollars, or 24 cents.

Samsonite International SA shares pulled back 2.4 percent to 24.40 Hong Kong dollars, or $3.14, and Trinity Ltd. was down 2.3 percent to 2.09 Hong Kong dollars, or 27 cents.

 

 

 

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