Stocks up Ahead of Expected Strong Economic Data (JPM, AMZN)

All three major stock indexes in the US were up by at least 1 percent today, ahead of a Labor Department jobs report which is expected to be positive.  JPMorgan (JPM) opted to settle in a case concerning charges that they had rigged the market for municipal bond derivatives. The settlement comes out to the amount of $228 million. Apple’s (AAPL) trademark suit against Amazon (AMZN) hit a roadblock as an injunction against using the term “appstore” was denied.

Word on the Street

• Stocks are up in anticipation of jobs report.
• Analysts believe that failing to raise the debt limit could hit markets hard.
• The Labor Department is expected to come out with a strong job report.
• In a settlement over rigging municipal bonds markets, JPMorgan (JPM) will pay $228 million.
• Apple (AAPL) lost an injunction against Amazon (AMZN) to use the term “appstore”.

Interesting Tidbits

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