Saturday, May 7, 2011

Summary box: Stocks rally on surprising news jobs

HIRING: The Ministry of labour, said Friday that the committed private sector employers 268,000 people last month, the most since February 2006.

RELOCATION of markets: the news on the growth of employment has helped lift the dollar, pushed oil prices, and reversed a slump of four days for stocks. But gains don't make up for losses earlier in the week. The three main index terminated the week down by more than 1%.

Indexes: the Dow Jones index gained 54.57 points to close at 12,638.74. Index S & P 500 increased 5.10 to 1,340.20. The Nasdaq reached 12.84 2,827.56.

No comments:

Post a Comment