Snappy newsletters. Simple Facebook sharing. Spirited comments. Sweet features are waiting… GET THEM NOW!

Hot on Facebook
Guy Buys $123 Safe on eBay, Finds $26,000 Inside Seller tries to get half the cash back, fails »

Dow Up 75 on Jobless Data

By Harry Kimball,  Newser Staff

Posted Jun 4, 2009 3:11 PM CDT

(Newser) – Markets edged up today on good unemployment claims and productivity data, the Wall Street Journal reports. But traders appear to be holding out for tomorrow’s employment report, and the rising price of oil continues to worry. “We have to hope it doesn't go to $80,” one trader said. “It was energy that definitely exacerbated things last summer.” The Dow was up 74.96 to 8,750.24. The S&P tacked on 10.70, ending at 942.26. And NASDAQ rose 24.10 to 1,850.02.

Traders work the floor of the New York Stock Exchange.
Traders work the floor of the New York Stock Exchange.   (AP Photo)
A trader works on the floor of the New York Stock Exchange.
A trader works on the floor of the New York Stock Exchange.   (AP Photo)
« Prev« Prev | Next »Next » Slideshow

The deleveraging of the consumer is going to continue. And this worldwide glut of labor that isn't going away is coupled with a relatively soft economy. - Hank Smith, Haverford Investments

« Prev« Prev | Next »Next » Slideshow
To report an error on this story, notify our editors.
A snapshot of the day's best news stories.
 
COMMENTS
Showing 1 of 1 comment
Assassin
Jun 5, 2009 9:18 AM CDT
Here in California I know of at least 4 people who are eligible for unemployment money having trouble getting their money because the State says there are "Delays Due to the High Volume of Applicants" - stated another way - California is BROKE & can't pay it's Unemployed.

More Newser Stories

Dow Up 61 After Shaky Day

Dow Cools, Still Rises 34

Dow Slips 26 as Oil Prices Fall

Dow Falls 35 on Energy Fears

US Oil Surplus Puts Dow Off 65


NEWS FROM OUR PARTNERS
Other Sites We Like:   24/7 Wall St.   |   Betty Confidential   |   BuzzFeed   |   Cracked   |   Fark   |   Timelines   |   The Frisky   |   Geek Sugar   |   NewsOne