That both exceeded expectations and eased fears of a labor market and economic slowdown. The Dow Jones Industrial average soared 191 points to 18,543. Not a rory, but the records were nasdaq up 54 and s p 500, which gained 18. Here are the numbers that sparked the rally. Employers added 255,000 jobs, much better than the 179,000 economists expected the jobless rate held steady at 4. 9 as more americans looked for work and wages picked up. We have two reporter tonight, Hampton Pearson on the best twomonth stretch of hiring this year, but we begin bob pisani. Its been a broad rally. The s p mid cap and small cap indices are at historic highs. Reme we didnt have far to go in the first place. The s p 500 was never more than about 1 from an historic high in the past month, so in addition to the rally in a major indices, the rally is showing signs of classic rotation. In the last several week, technology and bio tech have been big market leaders. So names like microsoft have been str time, p
Jobs report. That both exceeded expectations and eased fears of a labor market and economic slowdown. The Dow Jones Industrial average soared 191 points to 18,543. Not a rory, but the records were nasdaq up 54 and s p 500, which gained 18. Here are the numbers that sparked the rally. Employers added 255,000 jobs, much better than the 179,000 economists expected the jobless rate held steady at 4. 9 as more americans looked for work and wages picked up. We have two reporter tonight, Hampton Pearson on the best twomonth stretch of hiring this year, but we begin bob pisani. Its been a broad rally. The s p mid cap and small cap indices are at historic highs. Reme we didnt have far to go in the first place. The s p 500 was never more than about 1 from an historic high in the past month, so in addition to the rally in a major indices, the rally is showing signs of classic rotation. In the last several week, technology and bio tech have been big market leaders. So names like microsoft have bee
Yields are higher as well today. There you see the twoyear note at its highest level since january 14th. But we begin with a bombshell of a story in the energy world. Former Chesapeake Energy ceo Aubrey Mcclendon charged by the Justice Department with conspireing to rig bids. Chesapeake putting out a statement saying it has been actively cooperating in the investigation, end quote, and does not expect to face criminal prosecution or fines related to the matter. Mcclendon responding on his own behalf saying, quote, the charge that has been filed against me today is wrong and unprecedented. But mcclendon left chesapeake three years ago and is one of the owners of the Oklahoma City thunder basketball team. Joining us, the reuters reporter who is part of a team that first broke the story, hes been working on it for a number of years and joins us now. Josh, thank you very much for joining us. Get to heart of the matter and what i find most interesting peculiar about this, that generally in
Leave the terminal boulevard in hampton blvd also it looks like youre trapped and you can kind of make out there at the lighted terminal is starting to ingest headed toward him to boulevard for digestion to hit with a base on him to boulevard. No window tells us the traffic is backed up or backing up almost to od you at this point so were not out of the woods in terms of our delays but the strategy you can see sixty four and five sixty four still barry james was going to be a long ride to naval station norfolk this morning to have the latest for you. Many minutes and breaking news the Ten U S Navy Sailors who were detained in iran have been freed cnn also reporting that u s Officials Say the sailors are right now on board than often face us as an seo getting initial medical checks the sailors are reportedly on their way from kuwait to bahrain with a weak drifted into iranian waters in the persian gulf now u s military Officials Say one of the votes developed mechanical problems and bot
Time. The next wave of diet drugs . Cnbc is on that story. A story that impacts investors and patients alike. First, though, sarah is in for sue. Good to see you. Bullish start for stocks to the week. You mentioned the dow. How about the s p up 0. 8 and the nasdaq up after hitting a 13year high. Leading the charts, the russell. The transports are in the lead. You are seeing all sorts of new 52week highs for the transport stocks. Watch in brant crude oil. You see in the treasury market. Treasury selling off. Yields a bit higher. Seema mody is down at the nasdaq. Mary, you are up first. Interesting day today. The Ukraine Tensions ease, tensions in iraq ease. Good economic data. All of this combining for a nice monday rally on what has been relatively light volume although volume picked up since the beginning of the morning. We are going to do around 3 million shares. The s p broke out about 1970. That seemed to bring more into the market. The leaders industrials, financials, tech and con