MicroStockProfit
Home Featured Portfolio Quotes & Resources News Media BLOG

Friday, May 05, 2006

DOW INDUSTRIALS HEADING FOR HIGHER GROUND

Stocks continued to rally today on the back of the US Department of Labor's report that an additional 138,000 jobs were added to the economy in April. The additional jobs came in much lower than the 200,000 economists were expecting, but gave Wall Street more confidence in the fact that the Federal Reserve may soon end, or at least pause its long series of rate hikes. The Dow rose above 11,550 in morning trading, less than 200 points from its January 14, 2000, all-time high of 11,723.

0 Comments:

Post a Comment

<< Home

Featured Company  |   Portfolio  |   News  |   Blog  |   Media  |   Contact  |   Disclaimer
Copyright © 2005 microStockProfit. All rights reserved. microStockProfit™ is an independent electronic publication providing information on select public companies. Majority of the companies featured by micro StockProfit pay consideration in cash and/or stock for electronic dissemination and advertisement of company information. See Disclaimer.