Not-so-dire jobs report gives stocks a boost

The stock markets topped off their best week in a month Friday, as the latest jobs report calmed fears that the sputtering economy was headed toward a double-dip recession.

25 percent of employed were jobless during recession, study says
Employers shifting health-care costs to workers, survey shows
Regulators fell short in identifying and addressing problems, Bernanke says.

The major stock indexes climbed more than one percent Friday, as stocks were up across nearly all sectors and winners outpaced losers by about 3 to 1.

The S&P 500-stock index, the broadest measure of stocks, rose 1.32 percent to close at 1104.51. It was the index's fourth consecutive winning day.

Read Full Article from Washington Post

- Posted: 2010-09-03 22:18:58

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