Stocks Surge After Jobs Report

[babylonsister]

Stocks Surge After Jobs Report
Published: Friday, 3 Aug 2012 | 4:01 PM ET

By: Justin Menza



Stocks rallied to three-month highs, snapping a four-day losing streak, after today’s jobs report was better than anticipated but still left the door open to additional Federal Reserve measures to stoke growth. Markets also appeared more confident the European Central Bank will act to contain the euro zone debt crisis.

The Dow Jones Industrial Average, S&P 500 and Nasdaq ended sharply higher, erasing losses for the week.

The Dow jumped 217.29 points, or 1.69 percent, to close at 13096.17, while the S&P 500 surged 25.99 points, or 1.90 percent, to end at 1390.99. The Nasdaq gained 58.13 points, or 2 percent, to finish the week at 2967.90.

For the week, the Dow rose 0.17 percent, the S&P added 0.36 percent and the Nasdaq advanced 0.33 percent.
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http://www.cnbc.com/id/48482586

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1. But on the radio Wall Street Journal Report this morning they

called the numbers a dismal jobs report!