US shares rose, after the SP500 Index retreated the most in more than five weeks yesterday. This rise was influenced by the rise in the prices of biotechnology and energy companies and data on construction spending supported the confidence in the economy.
The SP 500 fell 0.7% yesterday, the biggest drop since 22 October, with weaker sales data from Black Friday.
Today’s data showed that construction spending rose more than estimated in October. The government labor report, later this week, may reveal that companies added 230,000 payrolls in November, while the unemployment rate is expected to remain at 5.8%, according to the consensus forecast by economists .