LONDON – Better than expected U.S. jobs data supported stocks Friday following massive gains a day earlier in the wake of the Federal Reserve’s decision to pump $600 billion in newly-created money into the economy. The dollar surged after the forecast-busting jobs figures.
In Europe, the FTSE 100 index of leading British shares was up 3.30 points, or 0.1 percent, at 5,866.18, a day after it had closed at its highest level since June 2008, while France’s CAC-40 rose 9.04 points, or 0.2 percent, at 3,925.82. Germany’s DAX was 16.03 points, or 0.2 percent, higher at 6,750.72, a day after it joined the FTSE to close at a 28 month high.
In the U.S., the Dow Jones industrial average was down 11.20 points, or 0.1 percent, at 11,423.64 soon after the open while the broader Standard & Poor’s 500 index was up a little less than a point at 1,221.85.
On Thursday, the Dow closed at its highest level since just before U.S. investment bank Lehman Brothers collapsed in September 2008 and the S&P hit a 2010 high.
BEFORE YOU GO…
… we’d like to ask for your support. More people are reading the Mississippi Business Journal than ever before, but advertising revenues for all conventional media are falling fast. Unlike many, we do not use a pay wall, because we want to continue providing Mississippi’s most comprehensive business news each and every day. But that takes time, money and hard work. We do it because it is important to us … and equally important to you, if you value the flow of trustworthy news and information which have always kept America strong and free for more than 200 years.
If those who read our content will help fund it, we can continue to bring you the very best in news and information. Please consider joining us as a valued member, or if you prefer, make a one-time contribution.Click for more info