Stocks, dollar get boost after upbeat US jobs news

by Associated Press

Published: November 5,2010

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.

[RSS Feed] [del.icio.us]



To sign up for Mississippi Business Daily Updates, click here.

POST A COMMENT

 

Twang & Tourism: The Country Music Trail

Our annual "Come See Us" magazine offers ideas for spots in Mississippi ranging from golf to culture to history to food. Click the photo for ideas, stories and access to the digital edition of this year's magazine.

Still planning that summer vacation?

Our annual "Come See Us" magazine offers ideas for spots in Mississippi ranging from golf to culture to history to food. Click the photo for ideas, stories and access to the digital edition of this year's magazine.

FOLLOW THE MBJ ON TWITTER

Top Posts & Pages

%d bloggers like this: