The market closed higher Thursday as investors grew hopeful that private-sector bondholders are on the verge of accepting a debt-swap deal with Greece. Apple shares jumped 2.1% as analysts said Apple will continue to retain the lion's share of the tablet market as its new 4G-enabled iPad. An S&P index of basic materials stocks shot up 1.6 percent, leading the market's advance. The financial sector gained 1%. Expectation for Friday's jobs data are for a net gain of 210,000 jobs in February. An unexpected rise in new U.S. weekly jobless claims on Thursday was not enough to change perceptions that the labor market was strengthening.
Friday, March 9, 2012
Bounced back
The market closed higher Thursday as investors grew hopeful that private-sector bondholders are on the verge of accepting a debt-swap deal with Greece. Apple shares jumped 2.1% as analysts said Apple will continue to retain the lion's share of the tablet market as its new 4G-enabled iPad. An S&P index of basic materials stocks shot up 1.6 percent, leading the market's advance. The financial sector gained 1%. Expectation for Friday's jobs data are for a net gain of 210,000 jobs in February. An unexpected rise in new U.S. weekly jobless claims on Thursday was not enough to change perceptions that the labor market was strengthening.
