Stockhouse @ the Bell: Stocks jump as job losses fall
Today on Stockhouse
Your opinion matters. Submit an article to Stockhouse today at submissions@stockhouse.com. Submission guidelines can be found here.
Thom Calandra provides a bulletin on a volatile bio-pharma stock, an interesting rare earth video, and writes about two promising silver plays in his Ticker Trax update.
Let history be the judge, says Andrew Mickey.
History bodes well for gold, silver, and the Venture Exchange, explains Lorimer Wilson.
Will the real price of gold please stand up, notes Terry Coxon.
Top Bullboards post: “Looks like some profit taking this morning on gold, it might be reversing here. I would love to see it close above $1000 today.” – From coolandthegang on the Lake Shore Gold Corp. (TSX:T.LSG, Stock Forum) Bullboard.
Top Bullboard: The Horizons BetaPro NYMEX Natural Gas Bull Plus ETF (TSX: T.HNU, Stock Forum) Bullboard had the most posts and reads over the last seven days.
Top blog: ghost11 discussed the latest unemployment numbers on the Ghost Trader2 blog Friday.
Word on Wall Street
"When you put it all together, you're seeing improvement in the labor market, but we have a ways to go before we're actually adding jobs," Jack Bauer, senior economist at Manning & Napier, told the Associated Press.
Today In The Markets
Stocks close higher following jobs data; C$ surges as Canada creates jobs
TORONTO, NEW YORK (CP) - The Toronto stock market closed higher Friday thanks to a rally in energy and financial stocks as investors reacted to better than expected August employment reports in Canada and the United States.
The S&P/TSX composite index closed up 95.98 points to 11,017.47 for a gain of 39 points this past week at the end of a volatile week when investors dealt with worries about the pace of an economic recovery.
The TSX Venture Exchange was up 13.74 points to 1,229.25.
The Dow Jones industrial average was 96.66 points higher at 9,441.27 as the non-farm payrolls report also showed revisions for June and July to show the loss of an additional 49,000 jobs. The blue chip index fell 102.93 points or 1.07 per cent this week.
The Nasdaq composite index moved up 35.58 points to 2,018.78, while the S&P 500 index added 13.16 points to 1,016.4.
Please click here for
the current U.S. and Canadian market summaries.

Copyright 2009  Stockhouse