Stock rally fades despite job news
The Dow gains 57 in a rally fueled by news of lower unemployment and 216,000 jobs created in March. But weakness in Apple weighs on stocks.
Yes, unemployment fell to 8.8%, and payroll employment went up. But wages are stagnant, and if you were laid off today, you might not get a new job until Thanksgiving -- if then.
NEWS
- LogMeIn says wins ruling in patent case6:20 PM ET | AP
- Administration approves bailout pay packages6:20 PM ET | AP
- State Fund Announces 2010 Annual Report Now Online6:20 PM ET | PR
- Arizona Medicaid considers tax on smokers, obese6:18 PM ET | AP
- Kan. legislators enter next budget phase6:15 PM ET | AP
- Earnings schedule for week of 04/04/20116:13 PM ET | AP
MARKET DISPATCHES
The Dow gains 57 in a rally fueled by news of lower unemployment and 216,000 jobs created in March. But weakness in Apple weighs on stocks. Automakers -- except Toyota -- report strong March sales. A takeover fight erupts over the NYSE.
TOP STOCKS
Jeffrey Immelt says the rate was unusually low in 2010 but will rise this year. With video updates.
COLUMNS AND TOOLS
Click the link above to find columns by Jim Jubak, whose work has appeared on MSN Money since 1997. He is the author of the book 'The Jubak Picks,' based on his market-beating Jubak's Picks portfolio.
STOCKS IN PLAYData provided by: Briefing.com
STOCK SCOUTER
StockScouter rates stocks from 1 to 10, with 10 being the best, using a system of advanced mathematics to determine a stock's expected risk and return. Ratings are displayed on a bell curve, meaning there will be fewer ratings of 1 and 10 and far more of 4 through 7.
114 | 249 | 424 | 557 | 490 | 485 | 617 | 495 | 300 | 143 |
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MARKET TRENDS
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| Horizon Lines Inc | 1.33 | +56.47 | |
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| NGEx Resources Inc | 2.71 | +37.36 | |
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| Inhibitex Inc | 4.73 | +30.66 | |
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| Peoples Educational Holdings Inc | 1.70 | +250 | |
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| Biota Holdings ADR | 4.37 | +24.86 | |
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| Bank Of Ireland ADR Rep 4 Units of Ord Shs | 2.14 | +22.29 | |
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| Remy International Inc | 220 | +22.22 | |
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| Dynatronics Corp | 1.43 | +22.21 | |
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| Bacterin International Holdings Inc | 3.78 | +21.94 | |
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| CFO Consultants Inc | 3.50 | +21.11 | |
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MARKET UPDATE
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[BRIEFING.COM] Stocks started the second quarter on a strong note as the Dow set a new bull market high on the back of a better-than-expected jobs report. Some late selling interest ate into gains, though. ... More
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