Beverly Hills 3/6/2010 2:08:38 AM
News / Business

S&P Rises on Employment Reports

Financial World News Update by Equities Magazine

The S&P 500 Index pushed higher in Friday morning trading making and extended gains as investor enthusiasm grew with better-than-expected unemployment reports.  Officials had expected 50,000 jobs to be cut and for the unemployment rate to tick up rather than maintain itself at January levels.

 The S&P 500 Index tacked on 10.83 points to 0.96 percent trading at 1,133.80 around midday.  The Dow Jones Industrial Average also surged, tacking on 83.44 points or 0.80 percent to trade at 10,527.58. 

The tech sector did particularly well as Apple (AAPL) traded up 3.64 percent around noon. Basic materials also pulled the market up.

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Since 1951, EQUITIES Magazine has been a leading media company providing business editorial content designed to serve the needs of business leaders, professionals, institutional investors and retail investors. We are focused on business and the business of making money, not on lifestyle subjects. We publish original reporting in print and on our website, as well as select content at www.nasdaq.com. For 28 years we have hosted our own branded investor conferences that connect public company CEO’s with our loyal readers in the investment community.

 

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