Positive mood in Wall Street
Posted on May 7, 2010 by Shay Greenberg for Luckyroom.com
Wall Street has opened with a rise after the massive selloff in yesterday’s meeting, in the wake of better-than-expected data on U.S. labor market. According to the U.S. Department of Employment, the pay – except for the agricultural sector – rose by 290,000 in April compared to 185,000 expected by economists on average.
The unemployment rate rose to 9.9%, however, from 9.7%.The Dow Jones [. DJI] strengthened by 0.29% at 10551.31 points, the Standard & Poor’s by 0.33% at 1131.88 points and the Nasdaq Composite [. IXIC] by 0.18% to 2323.80 points
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