Stocks have climbed higher after nonfarm employment payrolls
increased more than expected in April. The
(INDEXDJX:.DJI) reached a new intraday record, crossing above
15,000 for the first time earlier in the trading session.
Currently, the index has increased 1.02% to 14,983.46. The
(INDEXSP:.INX) also hit a new intraday record, reaching above
1,600. The index has climbed 1.15% to 1,615.94, and the
(INDEXNASDAQ:.IXIC) rose 1.31% to 3,384.27
The Bureau of Labor Statistics reported today that total nonfarm
payroll employment increased by 165,000 in April, and the
unemployment rate ticked down from 7.6% to 7.5%. The unemployment
rate has dropped 0.4% since January, and unemployment has decreased
by 637,000 since January. The labor force participation rate
remained at 63.3%. March's 88,000 figure was revised up to 138,000.
Read the press release
The Institute for Supply Management, or ISM, reported today in its
Non-Manufacturing ISM Report on Business that its Non-Manufacturing
Index, or NMI, decreased 1.3% from 54.4% in April to 53.1% in
March. A reading over 50 indicates growth. The Non-Manufacturing
Business Activity Index fell 1.5% from 56.5% in March to 55% in
April. The New Order Index decreased 0.1% month-over-month to 54.5%
in April, and the Employment Index fell 1.3% month-over-month to
52% in April. Read the press release
The US Census Bureau reported today that new orders for
manufactured goods fell $19.5 billion, or 4%, month-over-month to
$467.3 billion in March. Excluding transportation, new orders fell
2%. Read the full report
) spiked 6.32% to $55.48. Yesterday, the world's largest maker of
AIDS medicines reported a first-quarter net income of $722 million,
or $0.43 per share, compared to $442 million, or $0.28 per share,
in the prior-year quarter. Excluding some items, the company earned
$0.48 per share. Revenue increased 11% year-over-year to $2.53
American International Group
) rose 5.63% to $44.50. AIG has invested $2.3 billion of its
available cash into "high quality fixed-maturity securities with a
duration of just over three years." The bonds have a yield rate of
) increased 2.87% to $13.80.
) climbed 2.23% to $23.39.
Advanced Micro Devices
) jumped 9.09% to $3.72.