Stocks open higher after Feb. jobs report – The Associated Press- About: Stock Trading News
NEW YORK (AP) — Stocks are opening higher after a jobs report that was bad but not as horrific as many traders feared. The Labor Department said Friday employers cut 651,00 jobs last month, and the unemployment rate jumped to 8. The government also upwardly revised its December and January job loss figures to 681,000 and 655,000, respectively. But many market participants had braced for even grimmer data. In the first minutes of trading, the Dow Jones industrial average is up about 50 points, or 0. The Standard & Poor’s 500 index is up 3, or 0. read more
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