The market’s rise snapped a five-day losing streak, with the strengthening job market shifting the focus of investors to growth rather than the fate of the Federal Reserve’s huge stimulus program. U.S. stocks rose today, with the Dow and the S&P 500 breaking five-day losing streaks on the strength of a jobs report that boosted investor confidence about an improving economy. The Dow Jones industrial average (^DJI) jumped 198.69 points, or 1.26 percent, to close at 16,020.20. The Standard & Poor’s 500 Index (^GSPC) climbed 20.06 points, or 1.12 percent, to end trading at 1,805.09, while the Nasdaq Composite Index (^IXIC) gained 29.36 points, or 0.73 percent, to end the day at 4,062.52.
Jim Woods has over 20 years of experience in the markets from working as a stockbroker,
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Bob Carlson provides independent, objective research covering all the financial issues of retirement and retirement planning. In addition, Bob serves as Chairman of the Board of Trustees of the Fairfax County (VA) Employees’ Retirement System, which has over $2.8 billion in assets.
Hilary Kramer is an investment analyst and portfolio manager with 30 years of experience on Wall Street. Since 2010, Hilary's financial publications have provided stock analysis and investment advice to her subscribers: