The rally was fairly broadbased and held steady the entire day. Bulls rallied on a considerably better-than-expected weekly jobless claims report, along with a modest cooling in energy prices. The ISM Services Index for February also proved impressive. Employment growth is the one missing ingredient to a sustainable economic recovery. Telecom remains the only major sector that is still in the red year to date. The February jobs report will be released at 8:30 a.m. ET
Friday, March 4, 2011
Jumped on jobs data
The rally was fairly broadbased and held steady the entire day. Bulls rallied on a considerably better-than-expected weekly jobless claims report, along with a modest cooling in energy prices. The ISM Services Index for February also proved impressive. Employment growth is the one missing ingredient to a sustainable economic recovery. Telecom remains the only major sector that is still in the red year to date. The February jobs report will be released at 8:30 a.m. ET
