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After a Four Day Slump Stocks Hit a Three-Month High on Friday (GMCR, NITE)

By: , dated August 3rd, 2012
After a four day stock slump this week, the markets finally rallied on Friday to hit three-month highs. The US jobs report was released saying that 163,000 jobs were added in the month of July–a figure that was more than estimated. AIG is set to sell $4.5 billion in stock to the US government and Knight Capital (NITE) saw surging stock after Ameritrade (AMTD) and Scottrade agreed to resume trades. Green Mountain Coffee’s (GMCR) third quarter net jumped 30% and Blue Nile (NILE) also saw soaring earnings around 33%. US oil futures have risen above $91 per barrel. The euro made small gains against the dollar while the dollar increased against the Japanese yen.

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