Markets
US stocks jump nearly 1pc after strong jobs data
NEW YORK : US stocks jumped on opening Friday after a strong report on new jobs creation in January pushed down the U
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NEW YORK: US stocks jumped on opening Friday after a strong report on new jobs creation in January pushed down the US unemployment rate to its lowest level in nearly three years.
Five minutes into trade, the Dow Jones Industrial Average was up 117.77 points (0.93 percent) to 12,823.18.
The broad-based S&P 500 rose 12.50 (0.94 percent) to 1,338.04, while the Nasdaq Composite jumped 27.52 (0.96 percent) to 2,887.20.
The Labor Department reported ahead of the opening that the economy added a net 243,00 jobs last month, much better than the average analyst forecast of 155,000, bringing the overall jobless rate down to 8.3 percent.
Copyright AFP (Agence France-Presse), 2012
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