Friday, May 05, 2006

Markets End Higher As Job Growth Slows

Investors optimistic that slowing job growth will prompt the Federal Reserve to end its campaign of interest rate hikes lifted the markets to a higher close with the Dow surging 139 points to 11,578. Nasdaq soared 19 points to 2,343 while S&P 500 climbed 14 points to 1,326. The 30-year bond rose as the yield slipped to 5.195%.

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