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SunsetDreams

(8,571 posts)
Thu Sep 6, 2012, 05:00 PM Sep 2012

Oh Dear...psst...the economy

The U.S. Dow Jones industrial average (.DJI) was up 217.11 points, or 1.66 percent, at 13,264.59 late afternoon in New York. The Standard & Poor's 500 Index (.SPX) was up 26.43 points, or 1.88 percent, at 1,429.87, its highest level in four years.

The rise in U.S. stocks was helped by reports showing American companies added staff in August at the fastest clip in five months and an improvement in service sector employment. A third report showed new claims for jobless benefits fell last week to the lowest level in a month.

U.S. private employers added a stronger-than-expected 201,000 jobs in August, according to payrolls processor ADP, while the government said new claims for jobless benefits fell last week to the lowest level in a month.

The data was the latest to hint U.S. economic growth may be recovering, and it raised chances the government's more comprehensive monthly jobs report on Friday could be stronger than economists expect.

"Today's U.S. reports all beat expectations to put a positive spin on the risks as we approach Friday's U.S. jobs data," said Michael Englund, chief economist at Action Economics in Boulder, Colorado. �


http://finance.yahoo.com/news/asian-stocks-edge-euro-holds-003710492.html;_ylt=AuFeyBOSdXB7mizQ5uBtOK.iuYdG;_ylu=X3oDMTQzM2xrNzhmBG1pdANGaW5hbmNlIEZQIEp1bWJvdHJvbiBMaXRlBHBrZwNlZTViZTFhNi1hZDc1LTNhNWItOWQ4ZS04OTY3MzMxMjMwODcEcG9zAzEEc2VjA2p1bWJvdHJvbgR2ZXIDMmJiOWNmMzAtZjg1ZC0xMWUxLWI3OWYtOTcwZTBiNjk3MWMz;_ylg=X3oDMTFpNzk0NjhtBGludGwDdXMEbGFuZwNlbi11cwRwc3RhaWQDBHBzdGNhdANob21lBHB0A3NlY3Rpb25z;_ylv=3

The GOP prayer just went THUD!
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Oh Dear...psst...the economy (Original Post) SunsetDreams Sep 2012 OP
They will only talk about the jobs report tomorrow ProudToBeBlueInRhody Sep 2012 #1
Continuation dnc2012 Sep 2012 #2

dnc2012

(11 posts)
2. Continuation
Thu Sep 6, 2012, 05:42 PM
Sep 2012

Hope it will continue throughout tonight and tomorrow so no one will say he caused it to drop off.

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