Welcome to the world of lowered standards, where still-high unemployment is a cause for joy. Expectations had been anchored around a net gain of only a 100,000 jobs, so when that number came in 63,000 higher than anticipated, rejoicing ensued. July's data more than doubles the April-June average, but it still pales compared to where we were earlier in the year. Feel the recovery!
With stocks up across the board, let's take a closer look at how the three major indexes are faring and check out several stocks making headlines.
Index |
Gain/Loss |
Gain/Loss % |
Intraday Value |
---|---|---|---|
Dow Jones Industrial Average |
218.42 | 1.70% | 13,097.30 |
Nasdaq | 56.79 | 1.95% | 2,966.56 |
S&P 500 | 25.34 | 1.86% | 1,390.34 |
Source: Yahoo! Finance as of 11:00 a.m. EDT.
All thirty of the Dow's components are seeing green. The biggest gainer is currently Kraft
We have to go off the Dow to find a big decliner, and there are few bigger today than Molycorp
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