NEW YORK (AP) — Good news was finally good news for the stock market on Friday.
Stocks jumped in early trading after the Labor Department said U.S. employers added 203,000 jobs last month, greater than the 180,000 economists had forecast. It was the fourth straight month of solid gains in the job market and the latest encouraging sign for the economy.
The market rose for the first time in six days. The Standard & Poor's 500 index had been sliding this week after a series of positive economic reports prompted investors to speculate that the Federal Reserve would soon pull back on its economic stimulus, which has been supporting financial markets.
Continue Reading for Free
Register and gain access to:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
