Dow Gains 147 on Job Creation Report

What will the col say now?

Wall Street ended a volatile and unusual week on a bullish note Friday, with the Dow Jones industrials gaining more than 146 points on the strength of a positive job creation report and a sharp drop in oil prices.

As European markets surged higher one day after the deadly terrorist bombings in London, Wall Street welcomed the Labor Department's jobs report. While the 146,000 jobs created in June were less than the 195,000 economists hoped for, the unemployment rate fell to 5 percent from 5.1 percent in May, and hourly earnings rose 0.2 percent.

Combined with falling oil prices, the employment news was enough to encourage Wall Street's two main camps. Those who fear inflation were happy with only a modest rise in job growth and wages, while those worried about a severe slowdown in the economy could point to another sign of steady, if slower, growth.

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Lets take a look at the market (S&P 500 More comprehensive) since Jan 2001:

Jan 2001 1300
Jan 2002 1120
Jan 2003 860
Jan 2004 1120
July 8 05 1212

Pease do not try and tell anyone the market did well under the Bush Administration. The facts say differently!!!!!!!!!!!!!!!

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Island Dog

Join Date 06/2003

+1051

Lets take a look at the market (S&P 500 More comprehensive) since Jan 2001:

Thanks for totally avoiding the post once again col.

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Pease do not try and tell anyone the market did well under the Bush Administration. The facts say differently!!!!!!!!!!!!!!!

As per USUAL, when the "FACTS" shown do not jive with what you think you ignore them entirely! You know it's kind of sad really that out of 4 years that you can only find 5 instances that back you up.

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