Dow Jones average spikes 200 on hiring news - FOX13 News, WHBQ FOX 13

Dow Jones average spikes 200 on hiring news

Posted: Updated:

NEW YORK (AP) -- Steady growth in hiring last month is sending the stock market sharply higher.
 
The Dow Jones Industrial average rose 200 points after the government reported that employers added 175,000 jobs last month, slightly more than expected.
 
The index was up 1.3 percent to 15,242 as of 11:30 a.m. Eastern Daylight Time Friday. Boeing led the Dow higher with a gain of 2.5 percent.
 
The Standard & Poor's 500 gained 19 points, or 1.2 percent, to 1,642.
 
The report gave a boost to stock market bulls, who expect the Federal Reserve to keep up its stimulus as the economy continues to recover moderately.
 
Nine of the 10 industry groups in the S&P rose.
 
The yield on the 10-year Treasury note rose to 2.15 percent as investors moved out of safer assets.

 

  • More Money NewsMore>>

  • Tech Check: Cyber Monday

    Tech Check: Cyber Monday

    Sunday, August 17 2014 10:07 PM EDT2014-08-18 02:07:29 GMT
    The Monday after Black Friday is traditionally called Cyber Monday in the retail world. That is the busiest online shopping day of the year.
    The Monday after Black Friday is traditionally called Cyber Monday in the retail world. That is the busiest online shopping day of the year.
  • Tech Check: Back-to-school apps

    Tech Check: Back-to-school apps

    Sunday, August 17 2014 10:05 PM EDT2014-08-18 02:05:35 GMT
    A smartphone won't do your student's homework for them, but it might help.  In fact, there are a few apps that both students and parents might want to consider this school year.
    A smartphone won't do your student's homework for them, but it might help.  In fact, there are a few apps that both students and parents might want to consider this school year.
  • Tech Check: Tablet vs. Laptop for back-to-school

    Tech Check: Tablet vs. Laptop for back-to-school

    Sunday, August 17 2014 10:05 PM EDT2014-08-18 02:05:34 GMT
    It is a debate between what type of technology you need to get for your student. The question now, should you get a laptop or a tablet?
    It is a debate between what type of technology you need to get for your student. The question now, should you get a laptop or a tablet?
  • More National NewsMore>>

  • 3 people dead in District Heights in apparent murder-suicide

    3 people dead in District Heights in apparent murder-suicide

    Saturday, August 16 2014 9:28 AM EDT2014-08-16 13:28:53 GMT
    Prince George's County police say one man and two women are dead in an apparent domestic-related murder-suicide at a townhouse in District Heights.
    Prince George's County police say one man and two women are dead in an apparent domestic-related murder-suicide at a townhouse in District Heights.
  • Iraqi PM to file complaint against new president

    Iraqi PM to file complaint against new president

    Sunday, August 10 2014 10:47 PM EDT2014-08-11 02:47:06 GMT
    President Barack Obama justified the U.S. military's return to fighting in Iraq Saturday by saying America must act now to prevent genocide, protect its diplomats and provide humanitarian aid to refugees...
    Iraq's embattled Prime Minister Nouri al-Maliki, in a surprise speech late Sunday, resisted calls for his resignation and accused the country's new president of violating the constitution, plunging the government...
  • St. Louis police shoot, kill knife-wielding suspect

    St. Louis police shoot, kill knife-wielding suspect

    Tuesday, August 19 2014 8:48 PM EDT2014-08-20 00:48:37 GMT
    A large crowd, some chanting "Hands up, don't shoot," gathered Tuesday at the site where St. Louis police officers shot and killed a knife-wielding man after a reported convenience store robbery.
    A large crowd, some chanting "Hands up, don't shoot," gathered Tuesday at the site where St. Louis police officers shot and killed a knife-wielding man after a reported convenience store robbery.
Powered by WorldNow

WHBQ-TV | Fox 13
485 S. Highland St.
Memphis, TN 38111

Main Station: (901) 320-1313
Newsroom: (901) 320-1340

Didn't find what you were looking for?
All content © Copyright 2000 - 2014 Fox Television Stations, Inc. and Worldnow. All Rights Reserved.
Privacy Policy | New Terms of Service What's new | Ad Choices