Jobs Report Adds Uncertainty to Taper Plans; Stocks End Mixed

Despite growing concerns over Syria and a disappointing jobs report, stocks were able to mostly end higher for a fourth day this week. The Dow ended its four-week losing streak, the longest since last November. Less jobs were added in August than expected, possibly complicating the Federal Reserve's tapering expectations. ETrade (ETFC) gained 4.6% after its shares were upgraded by Goldman Sachs to "buy." Quiksilver (ZQK) rallied after reporting earnings that beat expectations, even though Q3 profit fell by 84%.
Oil prices shot up again on Friday to $110 a barrel. This pushes oil closer to its 52-week high.

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Published on Sep 6, 2013
By InvestorGuide Staff

Copyrighted 2016. Content published with author's permission.

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