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Wall Street ended mixed on Friday as stronger-than-expected jobs data and mixed third-quarter earnings shaped market sentiment. Market participants also assessed third-quarter earnings results. The Nasdaq Composite and the S&P 500 ended in positive territory while the Dow ended in negative territory. However, last week, these indexes also finished in the red.
How Did the Benchmarks Perform?
The Dow Jones Industrial Average (DJI) fell 0.5%, or 237.33 points, to close at 51,285.73. Twenty-two components of the 30-stock index ended in negative territory; eight ended in positive territory.
The tech-heavy Nasdaq Composite advanced 1.1% to close at 24,579.42.
The S&P 500 gained 0.3% to end at 7,376.86. Out of the 11 broad sectors of the broad-market index, four ended in positive territory, while seven were in negative territory. The Information Technology Select Sector SPDR (XLK), the Communication Services Select Sector SPDR (XLC) and the Industrials Select Sector SPDR (XLI) rose 1.3%, 0.5% and 0.1%, respectively, while the Consumer Staples Select Sector SPDR (XLV) fell 1.2%.
The fear gauge, the CBOE Volatility Index (VIX), decreased by 9% to 25.64. A total of 16.93 billion shares were traded on Friday, lower than the last 20-session average of 17.28 billion. The S&P 500 posted eleven new 52-week highs and 20 new lows, and the Nasdaq Composite recorded 57 new highs and 224 new lows.
U.S. Job Growth Strengthens in October
The U.S. Bureau of Labor Statistics reported that nonfarm payroll employment increased by 165,000 in October, while the unemployment rate remained largely unchanged at 4.1%. September payroll growth was revised upward to 60,000 from the previously reported 29,000.
The labor force participation rate edged up to 61.9% from 61.8% in September, while the employment-population ratio increased to 59.3% from 59.2%.
Average hourly earnings rose 0.4% sequentially to $38.00 in October and increased 3.1% year over year. The average workweek remained unchanged at 34.4 hours.
Following a strong jobs report on Friday, CME FedWatch showed a 76.3% probability that the federal funds rate would rise to the 4.00-4.25% range.
Q3 Earnings Results
Moderna, Inc. (MRNA - Free Report) reported third-quarter 2026 non-GAAP earnings per share of $0.38, beating the Zacks Consensus Estimate of a loss of $ 1.1 per share. Total revenues of $1.31 billion beat the consensus mark by 47.73% and increased $1.02 billion year over year.
TELUS Corporation (TU - Free Report) reported third-quarter 2026 adjusted earnings per share of $0.11, missing the Zacks Consensus Estimate of $0.13 per share. Total revenues of $3.59 billion surpassed the consensus estimate by 0.65% compared with $3.71 billion in the year-ago quarter.
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Stock Market News for Nov 9, 2026
Wall Street ended mixed on Friday as stronger-than-expected jobs data and mixed third-quarter earnings shaped market sentiment. Market participants also assessed third-quarter earnings results. The Nasdaq Composite and the S&P 500 ended in positive territory while the Dow ended in negative territory. However, last week, these indexes also finished in the red.
How Did the Benchmarks Perform?
The Dow Jones Industrial Average (DJI) fell 0.5%, or 237.33 points, to close at 51,285.73. Twenty-two components of the 30-stock index ended in negative territory; eight ended in positive territory.
The tech-heavy Nasdaq Composite advanced 1.1% to close at 24,579.42.
The S&P 500 gained 0.3% to end at 7,376.86. Out of the 11 broad sectors of the broad-market index, four ended in positive territory, while seven were in negative territory. The Information Technology Select Sector SPDR (XLK), the Communication Services Select Sector SPDR (XLC) and the Industrials Select Sector SPDR (XLI) rose 1.3%, 0.5% and 0.1%, respectively, while the Consumer Staples Select Sector SPDR (XLV) fell 1.2%.
The fear gauge, the CBOE Volatility Index (VIX), decreased by 9% to 25.64. A total of 16.93 billion shares were traded on Friday, lower than the last 20-session average of 17.28 billion. The S&P 500 posted eleven new 52-week highs and 20 new lows, and the Nasdaq Composite recorded 57 new highs and 224 new lows.
U.S. Job Growth Strengthens in October
The U.S. Bureau of Labor Statistics reported that nonfarm payroll employment increased by 165,000 in October, while the unemployment rate remained largely unchanged at 4.1%. September payroll growth was revised upward to 60,000 from the previously reported 29,000.
The labor force participation rate edged up to 61.9% from 61.8% in September, while the employment-population ratio increased to 59.3% from 59.2%.
Average hourly earnings rose 0.4% sequentially to $38.00 in October and increased 3.1% year over year. The average workweek remained unchanged at 34.4 hours.
Following a strong jobs report on Friday, CME FedWatch showed a 76.3% probability that the federal funds rate would rise to the 4.00-4.25% range.
Q3 Earnings Results
Moderna, Inc. (MRNA - Free Report) reported third-quarter 2026 non-GAAP earnings per share of $0.38, beating the Zacks Consensus Estimate of a loss of $ 1.1 per share. Total revenues of $1.31 billion beat the consensus mark by 47.73% and increased $1.02 billion year over year.
TELUS Corporation (TU - Free Report) reported third-quarter 2026 adjusted earnings per share of $0.11, missing the Zacks Consensus Estimate of $0.13 per share. Total revenues of $3.59 billion surpassed the consensus estimate by 0.65% compared with $3.71 billion in the year-ago quarter.
Consequently, the stock prices of Moderna rose 5.3%, and TELUS fell 3.3%, respectively. Both currently carry a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
Weekly Roundup
During the week, the Nasdaq fell 3.4%, the S&P 500 declined 2.7%, and the Dow shed 0.9%.