Stocks rally after upside surprise in jobs report
Stocks (^DJI, ^GSPC, ^IXIC) are rallying after the monthly jobs report from the BLS delivered a better-than-expected payrolls addition of 222,000. The tech (XLK) and consumer discretionary (XLY) are leading the way up, with energy (XLE) the only sector in the red. Keith Bliss of Cuttone & Co. joins us live from the New York Stock Exchange. To discuss the other big stories of the day, Dan Roberts is joined by Yahoo Finance editor-in-chief Andy Serwer, Yahoo Finance’s Myles Udland and Yahoo Finance tech critic David Pogue.
Today on Midday Movers we discuss:
What the big monthly jobs numbers mean for stocks and the Federal Reserve
Effects of the global bond selloff
Wearable fitness trackers on the ropes—Jawbone liquidates
Qualcomm suing Apple
Why Iconic American brands like Hamburger Helper are struggling