Stocks crawled out from under a deep early drop after an encouraging report on manufacturing offset grim employment figures.
Sections: business
Topics: good news manufacturing stocks unemployment
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A big gain in the job market is lifting the stock market to new milestones. The Dow Jones industrial average crossed 15,000 for the first time early Friday, and the Standard and Poor's 500 index, a broader market measure, broke through 1,600 for the first time. More - Unemployment falls to 7.5%; job creation solid in April
The job market plugged along steadily, and unemployment fell in April, according to new data out Friday, suggesting that the U.S. economy is still expanding. The nation added 165,000 jobs in April as the unemployment rate fell to 7.5 percent, from 7.6 percent in March, the Labor Department said on Friday. More - U.S. Jobless Claims Fall to 5-Year Low
The number of Americans seeking unemployment benefits fell to the lowest level in more than five years, a positive signal for the labor market ahead of Friday's April jobs report. More
BING NEWS:
- Highest-ever advancing stocks on BSE in April amid sharp rebound in markets
A little over 2,400 BSE-listed stocks ended with gains in April amid a sharp rebound in the broader markets from the March lows. This was the highest number of stocks that rose during a calendar month ...
05/4/2024 - 5:15 am | View Link - Gold down for second straight week but Goldman sees rebound later this year
Gold closed its first back-to-back weekly loss since February, extending a correction from last month's rally as investors appeared to take profits as Middle East tensions eased. Gold gave up initial ...
05/3/2024 - 11:40 am | View Link - Carvana stock rebound boosts fortunes of CEO and his dad by billions
The revival of Carvana's stock from its 2022 lows has brought a titanic rise in the fortunes of its CEO and his father, who bankrolled the company at its launch.
05/3/2024 - 8:47 am | View Link - Carvana Duo Make $11 Billion in 3,000% Stock Rebound
The father-son duo behind Carvana Co. have seen their fortunes rebound as shares of the Phoenix-based online used-car dealer have surged more than 3,000% from historic lows.Ernie Garcia II and Ernie ...
05/3/2024 - 4:40 am | View Link - Rebound Likely For Indonesia Stock Market
(RTTNews) - The Indonesia stock market on Thursday snapped the two-day winning streak in which it had jumped almost 200 points or 2.9 percent. The Jakarta Composite Index now sits just above the 7,115 ...
05/2/2024 - 2:37 pm | View Link - More
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