Wall Street ended higher this week,at 9.7% release of employment data
Stock Market News Today about Wall Street, ending trading up for NFP Numbers Pretty good.Wall Street in trading today closed sharply higher, after the market welcomed the release of employment data that was not as bad as expected.The unemployment rate, generated by a separate survey, held steady at 9.7%, versus forecasts for a rise to 9.8%. Wall Street ended higher for the week, with all three major gauges posting gains for the third of the last four weeks.Stocks fell last week as a slew of worse-than-expected economic reports exacerbated worries that the market was too optimistic about the pace of an economic recovery. the Nasdaq ending at an 18-month high, after a government report showed employers cut fewer positions last month than had been expected, in the latest sign that the pace of job cuts is slowing.Dow Jones soared 122.06 points, or 1.17% to as low as 10,566.20; S & P 500 jumped 15.73 points, or 1.4% to as low as 1,138.70, while the Nasdaq off 34.04 points or 1.48% to as low as 2,326.35. Thus, the week the Dow Jones up 2.33%; S & P 500 surged 3:10%; while the Nasdaq off 3.94%.Stocks opened higher and built on those gains through the session, with a variety of stocks participating. On the Dow, 28 of 30 components rose, led by Chevron (CVX, Fortune 500), Exxon Mobil (XOM, Fortune 500), JPMorgan Chase (JPM, Fortune 500), American Express (AXP, Fortune 500), Boeing (BA, Fortune 500), Caterpillar (CAT, Fortune 500) and 3M (MMM, Fortune 500).
