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Dec. 6, 2019, 8:57 a.m. EST

Financial stocks get a big boost from jobs data

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By Tomi Kilgore

Financial stocks got a big lift in premarket trading Friday, as much stronger-than-expected November jobs data provided a boost to the sector and the broader stock market. The SPDR Financial Select Sector ETF /zigman2/quotes/209660484/composite XLF -0.48% rallied 1.1%, after trading unchanged just before the data. Among the sector tracker's heavily weighted components, gains in the shares of Bank of America Corp. /zigman2/quotes/200894270/composite BAC -1.55% increased to 2.0% from 0.4%, Citigroup Inc. /zigman2/quotes/207741460/composite C -0.67% to 1.7% from 0.3%, J.P. Morgan Chase & Co. /zigman2/quotes/205971034/composite JPM -0.66% to 1.3% from less than 0.1% and Goldman Sachs Group Inc. /zigman2/quotes/209237603/composite GS -1.35% to 1.3% from 0.3%. The U.S. Labor Department reported that nonfarm payrolls increased by 266,000 jobs in November and the unemployment rate returned to a 50-year low of 3.5% from 3.6%, compared with expectations of 180,000 jobs. Gains in the SPDR S&P 500 ETF /zigman2/quotes/209901640/composite SPY -0.02% to 0.7% from 0.2%, the SPDR Dow Jones Industrial Average ETF /zigman2/quotes/208954582/composite DIA -0.19% to 0.7% from 0.1% and the Invesco QQQ ETF /zigman2/quotes/208575548/composite QQQ +0.42% to 0.8% from 0.2%.

/zigman2/quotes/209660484/composite
US : U.S.: NYSE Arca
$ 25.12
-0.12 -0.48%
Volume: 22.30M
Aug. 13, 2020 2:15p
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/zigman2/quotes/200894270/composite
US : U.S.: NYSE
$ 26.32
-0.41 -1.55%
Volume: 38.06M
Aug. 13, 2020 2:15p
P/E Ratio
12.63
Dividend Yield
2.74%
Market Cap
$231.59 billion
Rev. per Employee
$543,289
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/zigman2/quotes/207741460/composite
US : U.S.: NYSE
$ 52.99
-0.36 -0.67%
Volume: 8.76M
Aug. 13, 2020 2:15p
P/E Ratio
9.16
Dividend Yield
3.86%
Market Cap
$111.07 billion
Rev. per Employee
$479,167
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/zigman2/quotes/205971034/composite
US : U.S.: NYSE
$ 102.27
-0.68 -0.66%
Volume: 8.95M
Aug. 13, 2020 2:15p
P/E Ratio
13.76
Dividend Yield
3.52%
Market Cap
$313.72 billion
Rev. per Employee
$497,647
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/zigman2/quotes/209237603/composite
US : U.S.: NYSE
$ 209.26
-2.87 -1.35%
Volume: 1.36M
Aug. 13, 2020 2:15p
P/E Ratio
15.88
Dividend Yield
2.39%
Market Cap
$72.99 billion
Rev. per Employee
$1.34M
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/zigman2/quotes/209901640/composite
US : U.S.: NYSE Arca
$ 337.36
-0.08 -0.02%
Volume: 21.07M
Aug. 13, 2020 2:15p
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/zigman2/quotes/208954582/composite
US : U.S.: NYSE Arca
$ 279.51
-0.53 -0.19%
Volume: 972,835
Aug. 13, 2020 2:15p
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/zigman2/quotes/208575548/composite
US : U.S.: Nasdaq
$ 273.00
+1.14 +0.42%
Volume: 19.58M
Aug. 13, 2020 2:15p
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