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Dow Jumps 200 Points; US Payrolls Top Expectations - Spirit Airlines (NYSE:SAVE)

U.S. stocks traded lower this morning, with the Dow Jones index gaining more than 200 points on Friday.

Following the market opening Friday, the Dow traded up 0.48% to 42,212.69 while the NASDAQ rose 0.65% to 18,034.35. The S&P 500 also rose, gaining, 0.50% to 5,728.62.

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Leading and Lagging Sectors

Top Headline

The U.S. economy added 254,000 jobs in September, compared to a revised 159,000 gain in August, and topping market estimates of 147,000. The unemployment rate declined to 4.1% in September from 4.2% in the previous month.

Equities Trading UP

Equities Trading DOWN

were down 27% to $2.34. Spirit Airlines, Inc. SAVE was down, falling 27% to $1.63 following a report suggesting that the company is exploring the potential of filing for bankruptcy.

Commodities

In commodity news, oil traded up 0.9% to $74.34 while gold traded down 0.4% at $2,669.20.

Silver traded down 0.6% to $32.255 on Friday, while copper rose 1.1% to $4.6025.

Euro zone

The S&P Global UK construction PMI jumped to 57.2 in September compared to 53.6 in the previous month, while France construction PMI declined to 37.9 in September from 40.1 in the earlier month. The HCOB Eurozone construction PMI climbed to 42.1 in September versus 41.4 in the prior two months.

Asia Pacific Markets

Asian markets closed mixed on Friday, with Japan's Nikkei 225 gaining 0.22%, Hong Kong's Hang Seng Index gaining 2.82% and India's BSE Sensex dipping 0.98%.

The HSBC India services PMI was revised downward to 57.7 in September versus a preliminary reading of 58.9. The S&P Global Hong Kong SAR PMI surged to 50.0 in September compared to August's reading of 49.4.

Economics

The U.S. economy added 254,000 jobs in September, compared to a revised 159,000 gain in August, and topping market estimates of 147,000. The unemployment rate declined to 4.1% in September from 4.2% in the previous month.

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