A dismal jobs report Friday means federal interest rates are likely to stay low for some time. Interest-rate futures traders, who previously anticipated that the Fed would raise rates at the end of next year, now believe the Fe…
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.
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