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Stocks Finish Strong as Investors Wait for Unemployment Data (AAPL, PAR, & BKC)

By: , dated September 2nd, 2010
It was all smiles today on Wall Street as all the major indices posted gains. The Dow Jones led the charge with a 50.63 point increase while the Nasdaq did its best to keep up with a 23.17 point gain. The Dow and Nasdaq each closed at 10,320.10 and 2,200.01 points respectively. The S&P 500 also looked strong with a 9.81 point increase. Investors seemed receptive to a variety of optimistic economic data including a promising jobless claims and housing market report. However, traders looked approached the day with caution in lieu of tomorrow’s unemployment report. There was a flurry of big corporation action in the markets as well. 3G Capital acquired Burger King (BKC) for $3.3 billion, and HP (HPQ) finally closed out a deal to buy 3Par (HPQ). The dollar was still down against the euro and the yen.

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