The markets extended its gains during the midday with the Dow climbing 86 points to 24,297. Nasdaq gained 27 points to 6,840.
Starbucks introduced its limited edition Christmas Tree Frappuccino to celebrate the holiday season. The specialty drink tops a Peppermint Mocha Creme Frappuccino with matcha whipped cream in the shape of a Christmas tree and decorated with candied cranberries, caramel drizzle and a strawberry.
JPMorgan Chase will offer discounts to customers who use the bank for multiple services or products. The bank already provides discounted mortgages to customers who maintain an account at one of its branches. JPMorgan Chase chief executive officer Jaime Dimon called the incentives relationship pricing.
November nonfarm payrolls climbed by 228,000 while the October job growth was trimmed to 244,000 from a previously reported 261,000 positions. Average hourly earnings edged up 0.2% or 5 cents on the heels of a 0.1% slip in October. The unemployment rate held steady at 4.1%, the lowest level in 17 years.
In the broad market, advancing issues outpaced decliners by a margin of nearly 3 to 2 on the NYSE and by nearly 4 to 3 on Nasdaq. The broader S&P 500 gained 10 points to 2,647. Bitcoin crashed $1,290 to $15,010.
