Welcome back to Stockhouse
Member Sign In

Email or Username:

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.

Enter your email address:
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

Get our best content in your email.

You are already a member! Please enter your password to sign in.

Mid-morning report: stocks up on jobs data

Stockhouse Editorial
0 Comments| November 8, 2013

The TSX composite rose 70.67 points to 13,364.87 in mid-morning trading on Friday. The Dow was up 72.00 to 15,665.98, while NASDAQ gained 44.51 to 3,901.84.

Revolver Resources Inc. (TSX: V.RZ, Stock Forum) was up 100% to $0.03 after the exploration and development company presented a new 3D IP model based upon the results of the IP (resistivity/chargeability) survey carried out on its Summit B property located in the Iskut area of northwestern British Columbia, Canada. The model reveals a strong 2.0 kilometre long-500 metre wide, NW-oriented ovoid chargeability anomaly with values reaching over 35 mV/V accompanied by low resistivity signatures.

Stocks were up as a better-than-forecast job reports added to signs growth is strong enough for the economy to withstand a stimulus reduction.
Statistics Canada reported that the economy created 13,200 jobs last month while the jobless rate held steady at 6.9%. Economists had expected that about 11,000 jobs would be created.
The U.S. Labor Department reported that the economy cranked out 204,000 jobs, far above the approximately 120,000 reading that was expected. The jobless rate ticked up 0.1 of a point to 7.3%, reflecting the huge temporary layoffs that resulted from the partial U.S. government shutdown during early October.
The price of gold fell US$22.62 to US$1,285.12 an ounce, while silver slipped US$0.31 to US$21.35 an ounce.


Rate this article
0 stars




No comments yet. Be first to comment!

Leave a Message

You must be logged in to access this feature.