Better Than Expected Jobs Report Raises Stocks
Stocks end up today after the jobs report was released and delivered better-than-expected numbers. The jobs report showed that the unemployment rate is dropping and more jobs continue to be added, thus showing that the economy continues to improve. The Dow Jones jumped up 200 points after the jobs report was announced. As the jobs report delivered good numbers, talk about tapering continues and seems like it could be a viable option sometime this month. Barnes & Nobles (BKS) stock fell 12% today as it announced that it is cooperating with the SEC's investigation into the companies accounting.The Securities and Exchanges Commission is also investigating AT&T (T) as allegations have been made that the company shares (and sometimes sells) its customer's communications records with the National Security Agency. AT&T is disputing this allegation saying that it protects its customer's records within the extent required by law.
Word on the Street
- Important facts from the jobs report.
- Apple (AAPL) still wants more from Samsung, files a motion for Samsung to help pay legal fees.
- Some places continue to feel the after effects of the government shutdown.
- Despite excellent jobs report, Fed may not taper stimulus yet.
- Are iconic and powerful brands in trouble?
- Goldman Sachs (GS) stock declines on legal actions.
Published on Dec 6, 2013By InvestorGuide Staff