The week as a whole for the three indices. Road map starts with 30 minutes after the jobs number, good news is bad news again. Over 200,000 added in the month of june. That has stock records in the rear view mirror as data may ease pressure on the fed to cut rates. Futures in retreat, moving sharply lower to start the morning. While the u. S. Is on holiday, europe took out the elegant gun on big tech. Both parties in the uk back to target big tech and france moving forward on attacks on the likes of facebook and google the employment rate ticked up to 3. 7 as more people entered the workforce. Wage growth slowed a little bit in june, but remained at 3. 1 year over year for a second straight month perhaps more importantly, though, we did see average Hourly Earnings 0. 2 versus the 0. 3 expected. Mike, your take on this as to whether it really alters the chance of a 25 basis point cut in july. Not very much it injects a little bit more uncertainty than probably traders were hoping for to
Looked less likely. The dow shot up 206, the nasdaq 45, s p raced up 24 and is back above 1,700. Gold and oil fell slightly. Also helping to prop up the market the fed sees modest to moderate economic growth. In earnings after hours ibm earnings beat wall streets view but revenue came up short. Ebay dissappointed the market. Earnings were up but the outlook as down. Microsoft releases its windows 8. 1 upgrade as a free downgrade starting today. The software is attempting to bridge the gap between tablets and pcs. Gm is offering motorists a gas choice the new impala can run on regular gasoline or compressed natural gas. Its a first in the Auto Industry and goes on sale next summer. In trader talk this morning, our favorite gloomy gustodd horwitz of average joe options. Good morning. Are you feeling gloomy . We dodged a bullet here. Good morning angie. And the oscar goes to washington d. C. For the best acting ever. Telling us they werent gonna solve it and of course they solved the prob
Stand, Dow Jones Industrials, listen, at the highs of the session, up 245 points, now its 228 for the Dow Jones Industrials. Nasdaq better by 73, 2. 5 , a huge move for them, and s p 500 up nearly 2 . I want to quickly check dow numbers here, all dow stocks in the green now. In terms of breath, doesnt get better. All 30s higher. That translates to the rest of the market, broad participation in todays rally beginning with financials which were the big winner last year; right . Its the trade that keeps on giving, financials, top performers for 2012, and today, no different. Bank of america, up more than 100 last year, and its now tacking on another 3 at the moment, and, remember, the stock was 5 a year ago. 5, and now at 11. 95, and warren buffet butting putting in an investment, and jpmorgan up, and Goldman Sachs up 2. 25 . Cannot ignore apple which get into bear market territory last year, and everybody flipped out. Is that if for apple . No, jumping 3 at the moment, bouncing sharply,
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