Jobs Report Causes Markets to Rally on Friday (WMT,TIVO)

The much awaited payrolls report was released on Friday, sending stocks higher by the end of the day. Payrolls rose more than originally forecast but not enough to push the Fed into making a decision about scaling back their bond purchases. The unemployment rate reportedly rose to 7.6%. The US dollar traded higher against rivals and oil prices topped $96 a barrel at the close. Techs including Apple (AAPL) and Pandora (P) also rallied today while Cliffs Natural Resources (CLF) and Quicksilver (ZQK) edged lower.
Wal-Mart (WMT) announced a plan to repurchase $15 billion worth of shares after facing criticism over corruption and safety.

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Published on Jun 7, 2013
By InvestorGuide Staff

Copyrighted 2016. Content published with author's permission.

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