Burst of hiring by US employers last month sends stocks indexes higher; Bonds ...
Trader Ryan Falvey, center, works on the floor of the New York Stock Exchange Friday, Oct. 3, 2014. Strong U.S. jobs data drove stocks higher in early trading Friday. (AP Photo/Richard Drew)newsandtalking.blogspot.com
Trader Dan Ryan, left, and specialist Vincent Surace work on the floor of the New York Stock Exchange Friday, Oct. 3, 2014. Strong U.S. jobs data drove stocks higher in early trading Friday. (AP Photo/Richard Drew)newsandtalking.blogspot.com
U.S. stocks are rising sharply as investors were encouraged by a burst of hiring last month.
Prices for gold and U.S. government bonds fell as investors sold safe-haven assets.
The Dow Jones industrial average rose 133 points, or 0.8 percent, to 16,933 at noon Friday.
The Standard & Poor's 500 rose 16 points, or 0.8 percent, to 1,962. The Nasdaq rose 42 points, or 1 percent, to 4,472.
The government reported that employers added 248,000 jobs in September. The unemployment rate fell to 5.9 percent, the lowest since July 2008.
Gold slumped 1.7 percent to $1,194 an ounce. The yield on the 10-year Treasury note rose to 2.45 percent.
The dollar surged 1 percent against the euro and the yen as traders anticipated higher U.S. interest rates and economic growth.
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