W2R
Moderator Emeritus
Stocks jump on strong jobs report for January - Yahoo! Finance
I am a little skeptical about any explanation for stock market ups and downs. However, if this story is correct then we should be in for quite a bull market as we recover from the unemployment situation we have been going through, which will eventually happen. We still have quite a way to go.
"Wh - - - " oh, OK, I won't say it (yet).
But maybe a little solitary dancer....
P.S. - - please, please, PLEASE don't turn this political! Let's just share in the joy. Thanks guys.
U.S. stocks jumped Friday on news that the unemployment rate dropped to the lowest level in three years.
Before the market opened, the Labor Department said companies hired 243,000 employees in January. That's the strongest job growth in nine months. The increase in hiring pushed the unemployment rate down to 8.3 percent.
The surprising data gave stocks a jolt. The Dow Jones industrial average shot up 161 points in early trading before drifting lower. "In this economy only one variable matters right now and that variable is employment," said Lawrence Creatura, an equity portfolio manager at Federated Investors.
I am a little skeptical about any explanation for stock market ups and downs. However, if this story is correct then we should be in for quite a bull market as we recover from the unemployment situation we have been going through, which will eventually happen. We still have quite a way to go.
"Wh - - - " oh, OK, I won't say it (yet).
But maybe a little solitary dancer....
P.S. - - please, please, PLEASE don't turn this political! Let's just share in the joy. Thanks guys.
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