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Thursday, July 7, 2011

Increased Employment Rate Advances U.S. Stocks


Via WSJ:

Positive data in both U.S. employment and retail sales numbers sent investors back to risky assests.

The Dow Jones Industrial Average gained 82 points, or 0.7%, to 12708 by midsession, setting the index up for a seventh gain in eight sessions.

Investors' spirits were risen by an employment survey that showed U.S. private-sector jobs rose by 157,000 last month, outdoing economists' forecast by over 50%. The WSJ article states taht the figure "contrasted with months of weak readings on U.S. employment."
Click here for the full article.

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