Positive Job Loss Report, Stocks Rise

FXexpert

Master Trader
Dec 13, 2008
503
3
47
After a report showing the job market is beginning to improve, the stocks climbed higher Friday morning. The S&P gained 2 points, the Nasdaq gained 2 points and the Dow Jones 52 points. The positive job report had a significant effect on investor confidence, as gains are expected to continue.

The job report for May, which was predicted to show around 520,000 job losses, reported only 345,000.
 

JEAN

Active Trader
May 6, 2009
62
0
37
US unemployment rate

The US unemployment rate beat expectations.
Current: 9.40%
Previous: 9.20%
Consensus: 8.90%

The EurUsd and the GbpUsd are declining, while the UsdJpy is climbing.