Apple is the most valuable company after shares jump more than 19% since mid-April. The catalyst: the company's decision to boost its dividend 15% and buy back billions of dollars in shares.
The April jobs report looked solid, but the labor picture is being distorted as employers respond to Obamacare.
In the latest installment of Investor Beat: the stock market hits a new high in the wake of better-than-expected jobs numbers.
Despite other signs of economic stalling, a small payroll beat sets the stage for one final upswing. Yet, there are also some attractive uptrend breakouts underway.
The Dow briefly tops 15,000, and the broader S&P 500 tops 1,600 for the first time after the government reports 165,000 jobs created in April, more than expected. The unemployment rate drops to 7.5%.
Stocks recovered just about all of Wednesday's losses. But the big drama comes Friday when the government issues its April jobs report. A bad report could hurt the market.
The big question is how long will the swoon last. The central bank remains worried that moderate economic growth isn't good enough, while growth world-wide is stallling.
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