October Jobs Report Delivers Better Numbers Than Expected

October's jobs report was released today and produced better than expected results despite the 16-day government shutdown. The U.S. added 204,000 jobs throughout the month of October, which exceeded the expectations of many economists by over 80,000 jobs. The unemployment rate did increase during October, but only slightly from 7.2% to 7.3%. The S&P 500, Dow Jones, and Nasdaq all finished the day off strong after a mixed week with the Dow Jones setting a new record high. After a grand debut yesterday and seeing its stock price nearly double, Twitter (TWTR) struggled today and dropped over 7%.
Microsoft's (MSFT) stock has had a good month overall and this hinges on the hiring of a new CEO. It seems that Ford's (F) CEO Alan Mulally is the top pick. Microsoft should be picking a new CEO within the next month.

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Published on Nov 8, 2013
By InvestorGuide Staff

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