Did Wall Street Suffer a Post-Holiday Hangover?

[Data as of 5:15 PM]  The session started off rocky, but Wall Street shook off its post-holiday hangover with a late afternoon rally.  Investors seemed very encouraged by a stronger-than-expected jobs report.  However, crude oil prices continued to climb in the wake of  the recent political upheaval in Egypt.  Oil prices hit a new yearly high at $103 per barrel.  Onyx (ONXX) had a sensational day on the markets after news broke that it rejected a proposal from Amgen Inc. (AMGN).  In other news, gold fell to $1,214.50 per ounce, and the dollar rose against the yen and the euro.
 Overall, the markets entered the weekend on a high note.

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Published on Jul 5, 2013
By InvestorGuide Staff

Copyrighted 2016. Content published with author's permission.

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