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Positive Non Farm Payrolls pushes market higher $CAT:xnys
Last Updated on Monday, 05 March 2012 14:46
- US Non Farm Payrolls data beat estimates to create 243k jobs for the month of January. The result beat estimates of 150k jobs and was the best gain in employment since April 2011. As a result of the strong employment date the unemployment rate fell to 8.3%
- All 10 sectors of the S&P500 finished in positive territory led by gains in financials and consumer discretionary stocks. Fridays gains added to the best start to a year since 1987
- Markets are still awaiting a deal between Greece and its creditors to be finalized with officials unable to come to a final agreement
- Leading the gains on the Dow were BAC, CAT, AA, DIS and AXP with each stock gain 5.23%, 3.27%, 3.26%, 2.80% and 2.13% respectively
- DOW 1.23%, S&P500 1.46% and NASDAQ 1.61%
- EUR made a high of 1.3205 before falling back, the AUD rallied to a high of 1.0793 with the RBA Interest Rate decision due tomorrow
- Gold softened on better US economic data, Crude jumped 2.2%
Published by Spectrum Live Pty Ltd | www.spectrumlive.com
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