As from April 2013 my Journey in Investing is to create Retirement Income for Life till 85 years old in 2041 for two persons over market cycles of Bull and Bear.

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"The market is not your mother. It consists of tough men and women who look for ways to take money away from you instead of pouring milk into your mouth." - Dr. Alexander Elder

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Saturday, 8 June 2013

Stocks Soar; Dow Gains 200 Points on Jobs Data

By: | Writer 
Stocks closed sharply higher Friday as the monthly employment report suggested economic growth is tepid enough for the Federal Reserve to maintain its bond-buying program over the next few months.

The Dow Jones Industrial Average shot up more than 200 points, boosted by Boeing and Disney. The Dow had its second best day of the year. Only the first trading session of the year was better.

The S&P 500 and the Nasdaq also rallied strongly.

The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, slid near 15.

For the week, the Dow gained 0.9 percent, the S&P 500 added 0.8 percent and the Nasdaq rose 0.4 percent.


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