Sunday 10 October 2010

Employment Report negative but US Stocks and Indices up

Despite the negative Employment Report on Friday, U.S. stocks and major U.S. stock indexes were up. The markets think further quantitative easing by the Federal Reserve is the prospect and that the Federal Reserve will be aggressive to prevent economic growth moving into the doldrums again.
The Dow ended 0.53% or 57.90 points up, the highest close above 11,000 since 3rd May. The last time it closed above that was 11 years ago on 3rd May, 1999.

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