Stocks Jump on Job Report
By Kevin Spak,  Newser Staff
Posted Jun 5, 2009 8:46 AM CDT
Traders work the floor of the New York Stock Exchange Tuesday, June 2, 2009 in New York.   (AP Photo/Frank Franklin II)
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(Newser) – Stocks jumped out of the gate this morning after a better-than-expected job report. The Dow rose 76 points, while the S&P and Nasdaq added 0.9% and 0.8%, respectively. The US lost 345,000 jobs in May, a far cry from the 525,000 economists had predicted. Citigroup rose 2.5% after a report that the FDIC wants to shake up its management, while Apple gained 0.9% on news of Steve Jobs’ upcoming return.