{"id":358211,"date":"2011-04-01T14:53:34","date_gmt":"2011-04-01T14:53:34","guid":{"rendered":"http:\/\/www.ghanamma.net\/2011\/04\/01\/stocks-advance-after-jobs-report\/"},"modified":"2011-04-01T14:53:34","modified_gmt":"2011-04-01T14:53:34","slug":"stocks-advance-after-jobs-report","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2011\/04\/01\/stocks-advance-after-jobs-report\/","title":{"rendered":"Stocks advance after jobs report"},"content":{"rendered":"<p><div readability=\"120.6144265698\">    <!-- KEEP --><a href=\"http:\/\/money.cnn.com\/data\/markets\/\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/www.ghanamma.net\/wp-content\/uploads\/2011\/04\/0bdfee95dex_dow.top_.png.png\" alt=\"1030chart_ws_index_dow.top.png\" width=\"475\" height=\"280\" border=\"0\" class=\"cnnstoryImageFull\" \/><\/a><span><b>Click the chart for more market data.<\/b><\/span><span id=\"fb-recommend\"\/><br \/>\n<span>By CNNMoney staff<\/span><span>April 1, 2011: 10:53 AM ET<\/span><!--startclickprintexclude--><br clear=\"all\"\/><\/p>\n<p>NEW YORK\u00a0(CNNMoney) &#8212; U.S. stocks posted solid gains on the first day of the second quarter, bolstered by the government&#8217;s stronger-than-expected jobs report.<\/p>\n<p>The closely-watched report showed a <a href=\"http:\/\/money.cnn.com\/2011\/04\/01\/news\/economy\/jobs_report_unemployment_march\/index.htm\">gain of 216,000 jobs<\/a> in March &#8212; easily topping forecasts. The unemployment rate dipped to 8.8%.<\/p>\n<p>The Dow Jones industrial average (<a href=\"http:\/\/money.cnn.com\/quote\/quote.html?symb=INDU&#038;source=story_quote_link\">INDU<\/a>) climbed 92 points, or 0.8%; the S&#038;P 500 (<a href=\"http:\/\/money.cnn.com\/quote\/quote.html?symb=SPX&#038;source=story_quote_link\">SPX<\/a>) added 11 points, or 0.8%; and the Nasdaq Composite (<a href=\"http:\/\/money.cnn.com\/quote\/quote.html?symb=COMP&#038;source=story_quote_link\">COMP<\/a>) rose 17 points, or 0.6%.<\/p>\n<p>Friday&#8217;s early gains were fairly broad, with 24 out of the Dow&#8217;s 30 members trading in the green. The Dow struck a new 2011 intra-day high in mid-morning trading.<\/p>\n<p>&#8220;These mildly-positive economic reports are going to keep the market moving higher, despite high oil prices and ongoing geopolitical issues,&#8221; said Stephen Carl, head equity trader with Williams Capital.<\/p>\n<p>Traders responded positively to the data. Today&#8217;s jobs report is the latest economic data to show that the U.S. economy remains in a slow, but steady, period of economic recovery. While still elevated, the unemployment rate now sits at its lowest level in two years.<\/p>\n<p>&#8220;The revival in U.S. economic growth is resilient enough to withstand the shocks that we&#8217;ve been hit with,&#8221; said Lakshman Achuthan, managing director of the Economic Cycle Research Institute.<\/p>\n<p>&#8220;Even if something new came along, it wouldn&#8217;t necessarily just tank the economy,&#8221; he said. <\/p>\n<p>Investors were also digesting a new offer for the NYSE (<a href=\"http:\/\/money.cnn.com\/quote\/quote.html?symb=NYX&#038;source=story_quote_link\">NYX<\/a>, <a href=\"http:\/\/money.cnn.com\/magazines\/fortune\/fortune500\/2010\/snapshots\/11328.html?source=story_f500_link\">Fortune 500<\/a>) from Nasdaq (<a href=\"http:\/\/money.cnn.com\/quote\/quote.html?symb=NDAQ&#038;source=story_quote_link\">NDAQ<\/a>) and ICE (<a href=\"http:\/\/money.cnn.com\/quote\/quote.html?symb=ICE&#038;source=story_quote_link\">ICE<\/a>). Nasdaq and IntercontinentalExchange offered $42.50 a share, or $11.3 billion, for <a href=\"http:\/\/money.cnn.com\/2011\/04\/01\/news\/companies\/nyse_nasdaq_ice\/index.htm\">NYSE Euronext<\/a>, topping the bid from rival Deutsche Boerse by nearly 19%. Shares of NYSE jumped 11%, Nasdaq shares were up 2% and ICE shares fell 4%.<\/p>\n<p>On Thursday, <a href=\"http:\/\/money.cnn.com\/2011\/03\/31\/markets\/markets_newyork\/index.htm\">U.S. stocks<\/a> ended the day narrowly mixed, but stocks posted solid gains the first quarter, despite geopolitical turmoil in the Middle East and the March earthquake and nuclear crisis in Japan. <\/p>\n<p><a href=\"http:\/\/money.cnn.com\/news\/companies\/\"><b>Companies<\/b><\/a>: Shares of Krispy Kreme (<a href=\"http:\/\/money.cnn.com\/quote\/quote.html?symb=KKD&#038;source=story_quote_link\">KKD<\/a>) plunged 18%, a day after the company reported earnings that came in well short of analyst expectations.<\/p>\n<p>Office Depot (<a href=\"http:\/\/money.cnn.com\/quote\/quote.html?symb=ODP&#038;source=story_quote_link\">ODP<\/a>, <a href=\"http:\/\/money.cnn.com\/magazines\/fortune\/fortune500\/2010\/snapshots\/10136.html?source=story_f500_link\">Fortune 500<\/a>) shares sank 16% after the company disclosed that it will have to re-state its 2010 financial results after the IRS denied a claim for $80 million in tax benefits.<\/p>\n<p>Also, major automakers including General Motors (<a href=\"http:\/\/money.cnn.com\/quote\/quote.html?symb=GM&#038;source=story_quote_link\">GM<\/a>), Ford (<a href=\"http:\/\/money.cnn.com\/quote\/quote.html?symb=F&#038;source=story_quote_link\">F<\/a>, <a href=\"http:\/\/money.cnn.com\/magazines\/fortune\/fortune500\/2010\/snapshots\/160.html?source=story_f500_link\">Fortune 500<\/a>) and Toyota (<a href=\"http:\/\/money.cnn.com\/quote\/quote.html?symb=TM&#038;source=story_quote_link\">TM<\/a>) will release their monthly sales reports.<\/p>\n<p> <a href=\"http:\/\/money.cnn.com\/news\/economy\/index.html\"><b>Economy:<\/b><\/a> The Institute for Supply Management&#8217;s said its manufacturing index fell slightly to a reading of 61.2 in March, compared with the 61.4 reading that economists had expected.<\/p>\n<p>The Commerce Department&#8217;s report on construction spending showed a decline of 1.4% in February, worse than the decline of 0.7% economists were looking for.<\/p>\n<p><a href=\"http:\/\/money.cnn.com\/data\/world_markets\/europe\/\"><b>World markets:<\/b><\/a> Asian markets ended the session mixed. The Shanghai Composite rose 1.3%, and the Hang Seng in Hong Kong added 1.2%. But Japan&#8217;s Nikkei eased 0.5%, after a report showed auto sales in the nation <a href=\"http:\/\/www.cnn.com\/2011\/WORLD\/asiapcf\/04\/01\/japan.auto.sales\/index.html\">plunged 37% in March.<\/a><\/p>\n<p>European stocks rose in midday trading. Britain&#8217;s FTSE 100 rose 1%, the DAX in Germany gained 1.2% and France&#8217;s CAC 40 edged higher 0.8%.<\/p>\n<p><a href=\"http:\/\/money.cnn.com\/data\/currencies\/index.html\"><b>Currencies<\/b><\/a><b> and <a href=\"http:\/\/money.cnn.com\/data\/commodities\/index.html\">commodities:<\/a><\/b> The dollar rose against the euro, the Japanese yen and the British pound.<\/p>\n<p>Oil for May delivery rose 26 cents to $106.98 a barrel. <\/p>\n<p>Gold futures for June delivery slipped $17.30 to $1,422 an ounce. <\/p>\n<p><a href=\"http:\/\/money.cnn.com\/data\/bonds\/index.html\"><b>Bonds<\/b><\/a><b>:<\/b> The price on the benchmark 10-year U.S. Treasury fell, pushing the yield up to 3.51% from 3.45% late Thursday. \u00a0<a href=\"http:\/\/money.cnn.com\/2011\/04\/01\/markets\/markets_newyork\/index.htm?section=money_topstories&#038;utm_source=feedburner&#038;utm_medium=feed&#038;utm_campaign=Feed%3A+rss%2Fmoney_topstories+%28Top+Stories%29#TOP\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/i.cdn.turner.com\/money\/images\/bug.gif\" alt=\"To top of page\" border=\"0\" width=\"7\" height=\"7\" \/><\/a><\/p>\n<p>First Published: April 1, 2011: 9:43 AM ET<\/p>\n<p><!--endclickprintexclude--><\/div>\n<\/p>\n<p><img decoding=\"async\" src=\"http:\/\/www.ghanamma.net\/wp-content\/uploads\/2011\/04\/0bdfee95dex_dow.top_.png-150x150.png\" \/><\/p>\n<p>Originally posted here:<br \/>\n<a target=\"_blank\" href=\"http:\/\/rss.cnn.com\/~r\/rss\/money_topstories\/~3\/PWClDGDm1Zw\/index.htm\" title=\"Stocks advance after jobs report\" rel=\"noopener noreferrer\">Stocks advance after jobs report<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p> Click the chart for more market data. By CNNMoney staff April 1, 2011: 10:53 AM ET NEW YORK\u00a0(CNNMoney) &#8212; U.S. stocks posted solid gains on the first day of the second quarter, bolstered by the government&#8217;s stronger-than-expected jobs report<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-358211","post","type-post","status-publish","format-standard"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.0 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Stocks advance after jobs report - Ghanamma.com<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ghanamma.com\/2011\/04\/01\/stocks-advance-after-jobs-report\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Stocks advance after jobs report - Ghanamma.com\" \/>\n<meta name=\"twitter:description\" content=\"Click the chart for more market data. By CNNMoney staff April 1, 2011: 10:53 AM ET NEW YORK\u00a0(CNNMoney) -- U.S. stocks posted solid gains on the first day of the second quarter, bolstered by the government&#039;s stronger-than-expected jobs report\" \/>\n<meta name=\"twitter:image\" content=\"http:\/\/www.ghanamma.net\/wp-content\/uploads\/2011\/04\/0bdfee95dex_dow.top_.png.png\" \/>\n<meta name=\"twitter:creator\" content=\"@ghanamma\" \/>\n<meta name=\"twitter:site\" content=\"@ghanamma\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.ghanamma.com\/2011\/04\/01\/stocks-advance-after-jobs-report\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.ghanamma.com\/2011\/04\/01\/stocks-advance-after-jobs-report\/\"},\"author\":{\"name\":\"\",\"@id\":\"\"},\"headline\":\"Stocks advance after jobs report\",\"datePublished\":\"2011-04-01T14:53:34+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.ghanamma.com\/2011\/04\/01\/stocks-advance-after-jobs-report\/\"},\"wordCount\":567,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.ghanamma.com\/2011\/04\/01\/stocks-advance-after-jobs-report\/#primaryimage\"},\"thumbnailUrl\":\"http:\/\/www.ghanamma.net\/wp-content\/uploads\/2011\/04\/0bdfee95dex_dow.top_.png.png\",\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.ghanamma.com\/2011\/04\/01\/stocks-advance-after-jobs-report\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.ghanamma.com\/2011\/04\/01\/stocks-advance-after-jobs-report\/\",\"url\":\"https:\/\/www.ghanamma.com\/2011\/04\/01\/stocks-advance-after-jobs-report\/\",\"name\":\"Stocks advance after jobs report - Ghanamma.com\",\"isPartOf\":{\"@id\":\"https:\/\/www.ghanamma.com\/2011\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.ghanamma.com\/2011\/04\/01\/stocks-advance-after-jobs-report\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.ghanamma.com\/2011\/04\/01\/stocks-advance-after-jobs-report\/#primaryimage\"},\"thumbnailUrl\":\"http:\/\/www.ghanamma.net\/wp-content\/uploads\/2011\/04\/0bdfee95dex_dow.top_.png.png\",\"datePublished\":\"2011-04-01T14:53:34+00:00\",\"author\":{\"@id\":\"\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.ghanamma.com\/2011\/04\/01\/stocks-advance-after-jobs-report\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.ghanamma.com\/2011\/04\/01\/stocks-advance-after-jobs-report\/#primaryimage\",\"url\":\"http:\/\/www.ghanamma.net\/wp-content\/uploads\/2011\/04\/0bdfee95dex_dow.top_.png.png\",\"contentUrl\":\"http:\/\/www.ghanamma.net\/wp-content\/uploads\/2011\/04\/0bdfee95dex_dow.top_.png.png\"},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.ghanamma.com\/2011\/#website\",\"url\":\"https:\/\/www.ghanamma.com\/2011\/\",\"name\":\"Ghanamma.com\",\"description\":\"News In Ghana - Latest Ghana News Headlines\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.ghanamma.com\/2011\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Stocks advance after jobs report - Ghanamma.com","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.ghanamma.com\/2011\/04\/01\/stocks-advance-after-jobs-report\/","twitter_card":"summary_large_image","twitter_title":"Stocks advance after jobs report - Ghanamma.com","twitter_description":"Click the chart for more market data. By CNNMoney staff April 1, 2011: 10:53 AM ET NEW YORK\u00a0(CNNMoney) -- U.S. stocks posted solid gains on the first day of the second quarter, bolstered by the government's stronger-than-expected jobs report","twitter_image":"http:\/\/www.ghanamma.net\/wp-content\/uploads\/2011\/04\/0bdfee95dex_dow.top_.png.png","twitter_creator":"@ghanamma","twitter_site":"@ghanamma","twitter_misc":{"Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.ghanamma.com\/2011\/04\/01\/stocks-advance-after-jobs-report\/#article","isPartOf":{"@id":"https:\/\/www.ghanamma.com\/2011\/04\/01\/stocks-advance-after-jobs-report\/"},"author":{"name":"","@id":""},"headline":"Stocks advance after jobs report","datePublished":"2011-04-01T14:53:34+00:00","mainEntityOfPage":{"@id":"https:\/\/www.ghanamma.com\/2011\/04\/01\/stocks-advance-after-jobs-report\/"},"wordCount":567,"commentCount":0,"image":{"@id":"https:\/\/www.ghanamma.com\/2011\/04\/01\/stocks-advance-after-jobs-report\/#primaryimage"},"thumbnailUrl":"http:\/\/www.ghanamma.net\/wp-content\/uploads\/2011\/04\/0bdfee95dex_dow.top_.png.png","inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.ghanamma.com\/2011\/04\/01\/stocks-advance-after-jobs-report\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.ghanamma.com\/2011\/04\/01\/stocks-advance-after-jobs-report\/","url":"https:\/\/www.ghanamma.com\/2011\/04\/01\/stocks-advance-after-jobs-report\/","name":"Stocks advance after jobs report - Ghanamma.com","isPartOf":{"@id":"https:\/\/www.ghanamma.com\/2011\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.ghanamma.com\/2011\/04\/01\/stocks-advance-after-jobs-report\/#primaryimage"},"image":{"@id":"https:\/\/www.ghanamma.com\/2011\/04\/01\/stocks-advance-after-jobs-report\/#primaryimage"},"thumbnailUrl":"http:\/\/www.ghanamma.net\/wp-content\/uploads\/2011\/04\/0bdfee95dex_dow.top_.png.png","datePublished":"2011-04-01T14:53:34+00:00","author":{"@id":""},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.ghanamma.com\/2011\/04\/01\/stocks-advance-after-jobs-report\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.ghanamma.com\/2011\/04\/01\/stocks-advance-after-jobs-report\/#primaryimage","url":"http:\/\/www.ghanamma.net\/wp-content\/uploads\/2011\/04\/0bdfee95dex_dow.top_.png.png","contentUrl":"http:\/\/www.ghanamma.net\/wp-content\/uploads\/2011\/04\/0bdfee95dex_dow.top_.png.png"},{"@type":"WebSite","@id":"https:\/\/www.ghanamma.com\/2011\/#website","url":"https:\/\/www.ghanamma.com\/2011\/","name":"Ghanamma.com","description":"News In Ghana - Latest Ghana News Headlines","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.ghanamma.com\/2011\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"}]}},"_links":{"self":[{"href":"https:\/\/www.ghanamma.com\/2011\/wp-json\/wp\/v2\/posts\/358211","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.ghanamma.com\/2011\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.ghanamma.com\/2011\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/www.ghanamma.com\/2011\/wp-json\/wp\/v2\/comments?post=358211"}],"version-history":[{"count":0,"href":"https:\/\/www.ghanamma.com\/2011\/wp-json\/wp\/v2\/posts\/358211\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.ghanamma.com\/2011\/wp-json\/wp\/v2\/media?parent=358211"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2011\/wp-json\/wp\/v2\/categories?post=358211"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2011\/wp-json\/wp\/v2\/tags?post=358211"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}