Wicked winter weather played havoc with the government’s employment situation resulting in an inconclusive jobs report on Friday. Still, stocks ended the week higher. But how much longer can stocks continue to gain?
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Trading came to a quiet end on the Thursday before Christmas as stocks closed mostly lower on especially light volume. A spate of economic reports was similarly mixed, with jobless claims and income improving a bit, but home sa…
The stock market’s powerful two-day rally nearly fizzled out Friday after the unemployment rate unexpectedly jumped to 9.8%. But traders managed to find a silver lining even in that grim news, and stocks found a way to eke out a gain.
Continue reading Why the Ugly Jobs Report Was Good for Stocks [VIDEO]
Why the Ugly Jobs Report Was Good for Stocks [VIDEO] originally appeared on DailyFinance on Fri, 03 Dec 2010 16:15:00.
Filed Under: Economy, Investing, Earnings, Currency, NYSE, Video, Market News, Streetwise
One thing investors are probably thankful for is that this holiday-shortened trading week is finally over. The U.S. stock market logged just a half day Friday but not before posting more deep and broad-based losses, as European sovereign debt fears con…
Stocks closed slightly higher Friday despite the best jobs report in months, as a six-session rally that has taken the market to a two-year high was due for a breather. The Dow finished up nine points, while the S&P was up five…