Stocks Rise on Job Growth

  • July 6, 2007
  • Darren Wong

The major indices are fractionally higher this morning. The June
employment report showed non-farm payrolls rose to 132,000, while
the jobless rate remained steady at 4.5%.

Crude oil futures for August delivery rose 1.2%
to $72.69 per barrel on signs that economic growth may accelerate,
which would increase fuel demand.  Gold
futures for August delivery fell fractionally to $650.40 an ounce.


Around Asia, Shanghai’s Composite index jumped 4.6% to 3,781.35,
Hong Kong’s Hang Seng index rose 1.25% to 22,531.74, and Tokyo’s
Nikkei fell 0.4% to 18,140.94.

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Stocks in
Motion

CME Sweetens Bid For CBOT; Largest Shareholder Of
CBOT Now Supports Revised Merger Deal (full
story). CME shares fell 0.75%, while BOT shares added 5.2%.


Xbox 360 Defects To Cost Microsoft Up To $1.15 Bln In Q4 (full
story). MSFT shares fell 0.2%.

Travelers To Resolve Asbestos-related Coverage Claims With AcandS (full
story). TRV shares dropped 0.5%.

Inter-Tel Sees Lower Q2 Net Sales; Anticipates FY07 Sales Below Prior
Outlook (full
story). INTL shares lost 1.3%.

For more stories as they happen, go to our
Breaking News section.


Market Snapshot

Dow

 +37.63 13,603.47

NASDAQ

 +5.45 2,662.10

S&P 500

 +2.52 1,527.92

 

 NYSE NASDAQ

Volume

 967,418,000 683,346,000

Advances

 1800 1589

Declines

 1237 1199

Up Volume

 575 376

Down Volume

 252 195

New Highs

 200 148

New Lows

 47 38


Strongest/Weakest Sectors

Strongest Sectors

Weakest Sectors
S&P Retail Index (RLX)
S&P Insurance Index (IUX)
Deutsche Bank Energy
Index (DXE)		 Pharmaceutical Index (DRG)
CBOE Oil Index (OIX) Dow Jones Equity REIT

Index (DJR)


 


Economic
News

Unemployment Rate 4.5% vs. 4.5%
consensus

Nonfarm Payrolls 132K vs 125K consensus, prior 190K revised from
157K

Average Workweek 33.9 vs. 33.9 consensus

Hourly Earnings m/m +0.3% vs +0.3% consensus

Average Hourly Earnings y/y +3.9% vs +3.7% consensus

Darren Wong

Associate Editor

darrenw@tradingmarkets.com