The September jobs report is propping up Wall Street
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| | 10/04/2019 | |
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Dow Eyes Triple-Digit Gain on Jobs Data | By Patrick Martin | | The Dow Jones Industrial Average (DJI) is enjoying outsized gains today, up triple digits after a mixed September jobs report. The report, which showed the unemployment rate falling to a 50-year low, still leaves the door open for the Fed to raise interest rates later this month, as nonfarm payrolls rose by fewer than expected. In addition, Apple stock is leading the blue chips, amid reports of increased iPhone production. The S&P 500 Index (SPX) and Nasdaq Composite (IXIC) are also in the black, but all three indexes are still on track for weekly losses. Continue reading for more on today's market, including: - 2 reasons to like this Apple supplier now.
- It could get even worse for Whiting Petroleum stock.
- Plus, call traders eye big EOG bounce; Skyworks eyes formidable ceiling; and HPQ near NYSE bottom after restructuring.
| >> Continue reading... | |
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