Stocks rise on job reports

[Chris]

NEW YORK (MarketWatch) — U.S. stocks rose Wednesday, lifting the Dow Jones Industrial Average to a nearly six-week high, as portfolio repositioning ahead of the quarter’s end added to better sentiment on jobs and deal activity.

After rallying more than 100 points to an intraday high of 12,383.46, the Dow Jones Industrial Average /quotes/comstock/10w!i:dji/delayed (DJIA 12,350, +71.22, +0.58%) closed up 71.60 points, or 0.6%, at 12,350.61, its highest close since Feb. 18, and the eighth advance in ten sessions.

http://www.usmessageboard.com/newthread.php?do=newthread&f=103

 

[rightwinger]

Great to see the private sector starting to hire again

 

[Trajan]

well at 70k net jobs a month, that puts on a trajectory to get back to 5% unemployment ( the real number) somewhere in 2016-19.......

 

[rightwinger]

well at 70k net jobs a month, that puts on a trajectory to get back to 5% unemployment ( the real number) somewhere in 2016-19.......

Beats the heck out of -700k a month lost under Booooosh

 

[Trajan]

ah yes booooosh......20 months after the end of the recession, yup I guess its time for some jobs.

 

[Toro]

Actually, ADP came in at 200k private sector jobs today.

http://mam.econoday.com/byshoweventfull.asp?fid=447298&cust=mam&year=2011#top

Nonfarm payrolls are on Friday.

 

[Trajan]

Actually, ADP came in at 200k private sector jobs today.

Econoday Report: ADP Employment Report*March*30,*2011

Nonfarm payrolls are on Friday.

yes, I know....*shrugs*.

 

[whitehall]

A "SIX WEEK HIGH" in the DOW? Is that considered "mission accomplished" these days?

 

[Sallow]

A "SIX WEEK HIGH" in the DOW? Is that considered "mission accomplished" these days?

So SIX WEEK LOWS in the DOW are now considered positive?

 

[Mad Scientist]

Great to see the private sector starting to hire again

Happy days are here again right?

 

[william the wie]

I expect the S&P to hit at least 1550 before the EU or Far East implodes later this year.