You are here: news
Best Secured Loans:
There's a new Investor Edition of CMC Markets' spread betting platform... and it's exclusive to DigitalLook.com users...
Date: Friday 02 May 2008
LONDON (ShareCast) - US shares open firmer after better than feared US jobs data. US non-farm payrolls fell by a smaller amount than expected in April, while the unemployment rate unexpectedly headed lower.
Online recruitment firm Monster responds well to the jobs data.
The Dow Jones industrial average is 72 points higher at 13,082 and the S&P 500 is 7 points firmer at 1,417. The tech-laden NASDAQ Composite fares less well, rising just 4 points to 2,485, weighed down by the fall-out from Sun Microsystems’ unexpected loss for the third quarter, which it said was due to poor sales to US consumer-oriented companies.
Other tech stocks taking a dive include software companies NetSuite, after a disappointing sales forecast, and MicroStrategy, which declared first quarter earnings that came in below analysts’ estimates.
Internet portal Yahoo! is on the up on rumours that Microsoft is preparing to launch a higher bid pitched directly to shareholders.
Outside of the tech sector energy companies are in demand as the price of oil heads higher for the first time in four days.