Friday, August 5, 2011

Stocks Leap on Jobs Report, Resume Selloff at Market Open

With the Dow rallying about 200 points following the release of the latest jobs report, stocks have now resumed selling and are in the negative. The past 15 minutes have seen very heavy selling. The BLS reported 117,000 jobs created, somewhat better than the consensus of 84,000, with the unemployment rate falling slightly to 9.1%.