S&P 500 Hits Record Intraday High
Stocks are trading higher on Friday, after a better-than-expected employment report. The Labor Department reported non-farm payrolls rose by 110,000 in September and revised August’s loss of 4,000 jobs to a gain of 89,000. No indication was given as to why the previous report was so far wide of the mark.
Among today’s stocks on the move, Embraer-Empresa
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PowerRating) rose to an 8-week high (read more), Cephalon
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PowerRating) hit a 3-week high (read more) and Business Objects
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PowerRating) hit a new high (read more).
Moving in the opposite direction, Boeing
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PowerRating) is falling again (read more) and Hudson City Bancorp
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PowerRating) has reversed its recent course by moving lower (read more).
Treasuries are higher, the U.S. dollar is little changed versus the euro, but fell to a 31-year low versus the Canadian dollar. Crude oil is lower and gold is flat.
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