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U.S fluctuated in closing despite of the unexpected cheerful drop of the jobless levels…  Join our daily free Newsletter

MENAFN - ecPulse - 05/10/2012

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The worlds leading economy saw its shares rising and climbing to the upside as soon as the local stock market opened but fluctuate as soon as the market closed since that the optimism that was strongly spread on todays unexpected drop in the American unemployment rate faded and Apple Inc shares plummeted.

In fact todays long awaited jobs report of the month of September came in surprisingly cheerful as the jobless rate for that period plummeted actually to the lowest level witnessed since January 2009 mainly as employers took on more part-time workers; confirming before the November elections that labor conditions are enhancing further.

Accordingly at 4:10 p.m. in New York the Dow Jones Industrial Average added 34.79 points or 0.26 percent, to 13,610.15 and the S&P 500 actually fell by 0.03 percent to 1,460.93 while that the Nasdaq Composite plunged as well by 13.27 points or 0.42 percent to 3136.19.

Now Bank of America Corp. and Citigroup Inc. jumped at least 1 percent to lead advances among financial shares while that Apple fell severely by 2.1 percent.

Plus Avon Products Inc. climbed 5.8 percent as the door-to-door cosmetics seller said Andrea Jung will step down as executive chairman and Zynga Inc. slid 20 percent after cutting its forecast for full-year bookings.

As for the dollar index, which measures the green Benjamin in front of a basket of major currencies, it plunged to trade at 79.11 recording a high of 79.45 and a low of 79.11 while that the black gold to trade around 90.31 a barrel recording a high of 91.71 per barrel and a low of 90.31 per barrel.


 






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