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Industrials Up After Jobs Report, Stimulus Speculation -- Industrials Roundup

12/04/2020 | 05:27pm EST

Shares of industrial and transportation companies rose after a mixed jobs report and speculation that a compromise stimulus bill could be passed before year end.

Employers added 245,000 jobs last month, down from 610,000 jobs in October, the Labor Department reported Friday.

Jobs were likely lost in pandemic-ravaged businesses like retail and restaurants, said Quincy Krosby, chief market strategist at Prudential Financial.

In one positive sign for global economic growth, German manufacturing orders rose for the sixth consecutive month in October, before the second lockdown was implemented, federal statistics office Destatis said.

About 150 General Motors dealers have decided to part ways with Cadillac, rather than invest in costly upgrades required to sell electric cars, WSJ reported.

Write to Rob Curran at rob.curran@dowjones.com

(END) Dow Jones Newswires

12-04-20 1726ET

Stocks mentioned in the article
ChangeLast1st jan.
GENERAL MOTORS COMPANY -3.03% 49.97 Delayed Quote.20.00%
PRUDENTIAL FINANCIAL, INC. -0.36% 83.61 Delayed Quote.7.10%
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