U.S. markets ended in green on Friday as investors reduced their expectations of imminent Federal Reserve monetary policy tightening following a softer-than-expected September jobs report. The Labor Department released a closely watched report showing employment in the U.S. increased by much less than expected in the month of September. The report said non-farm payroll employment rose by 29,000 jobs in September after jumping by a downwardly revised 133,000 jobs in August. The street had expected employment to increase by 85,000 jobs compared to the surge of 162,000 jobs originally reported for the previous month. Traders also took a note of a report released by the Commerce Department showed a slight uptick in new orders for U.S. manufactured goods in the month of August. The Commerce Department said factory orders crept up by 0.1 percent in August after climbing by a downwardly revised 0.8 percent in July. The street had expected factory orders to inch up by 0.1 percent compared to the 0.9 percent advance originally reported for the previous month.
Dow Jones Industrial Average increased by 250.4 points or 0.49 percent to 51,176.96, S&P 500 added by 56.27 points or 0.73 percent to 7,722.72 and Nasdaq rose by 319.26 points or 1.19 percent to 27,190.864.
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