The US markets ended with modest gains on Friday on getting upbeat employment data. The US Labor Department reported stronger than expected job growth in the month of November and said non-farm payroll employment surged up by 321,000 jobs in November, the strongest monthly job creation since January of 2012. The Labor Department also said the job gains in September and October were upwardly revised to 271,000 and 243,000, respectively, reflecting a net upward revision of 44,000 jobs. The jobs data overshadowed some weak data too, Commerce Department said that factory orders fell by 0.7 percent in October, while in a separate report it stated that the US trade deficit narrowed in October to $43.4 billion from a revised $43.6 billion in September.
In other report Federal Reserve said that consumer credit in the US rose by less than expected in the month of October. Consumer credit increased by $13.2 billion in October after climbing by a revised $15.4 billion in September. Consumer credit increased by an annual rate of 4.9 percent in October, as non-revolving credit jumped by 6.2 percent and revolving credit rose by 1.3 percent.
The Dow Jones Industrial Average gained 58.69 points or 0.3 percent to 17,958.79, the Nasdaq rose by 11.32 points or 0.2 percent to 4,780.76 and the S&P 500 climbed 3.45 points or 0.2 percent to 2,075.37.
Indian ADRs made a mixed closing on Friday; HDFC Bank was up by 0.29%, ICICI Bank was up by 0.46% and Tata Motors was up by 0.51%. On the other hand Wipro was down by 0.15% and Infy was down by 1.07%.