video Finance Videos
Strong job report sends S&P near record high
Friday, July 08, 2016 - 01:16
Stocks rallied in reaction to the strong jobs report which was a relief after the disappointing May data. Bobbi Rebell reports.
▲ Hide Transcript
▶ View Transcript
Wall Street celebrated a better-than-expected June jobs report with a Friday rally. The S&P 500 hitting an intraday record high. All three major indexes moved higher for the week as well. U.S, equities have regained all of their post-Brexit losses. U.S. Bank Senior Portfolio Manager Eric Wiegand: (SOUNDBITE) ERIC WIEGAND, SENIOR PORTFOLIO MANAGER, U.S. BANK, (ENGLISH) SAYING: "Getting this back on track and demonstrating that the U.S. economy still remains in a steady growth environment and trajectory is certainty encouraging for investors." The U.S. economy added 287,000 new jobs last month. While the unemployment rate rose to 4.9 percent, that was in part because new confidence in the economy has people returning to the workforce. Finanical stocks like JPMorgan and Wells Fargo drove stocks higher since banks would benefit form a rate hike, considered more likely after the strong jobs report. Twitter is expanding its entry into the sports world. According to Recode the social network is in talks with the NBA, the National Soccer league and Turner to stream sports. It already has a deal with the NFL. In Europe stocks also posted gains ending the week on a positive note.
Press CTRL+C (Windows), CMD+C (Mac), or long-press the URL below on your mobile device to copy the code
Strong job report sends S&P near record high
Friday, July 08, 2016 - 01:16
Top News »
4:19pm BST - (0:52)
3:43pm BST - (1:14)
1:09pm BST - (1:10)
12:25pm BST - (1:50)
Sat, 23 Sep, 2017 - (1:18)
Sat, 23 Sep, 2017 - (1:51)
Sat, 23 Sep, 2017 - (0:58)
Sat, 23 Sep, 2017 - (1:41)
Sat, 23 Sep, 2017 - (1:31)
Sat, 23 Sep, 2017 - (1:02)
Fri, 22 Sep, 2017 - (1:14)
Fri, 22 Sep, 2017 - (1:01)
Editors' Picks »
Fri, 22 Sep, 2017 - (1:18)
Thu, 21 Sep, 2017 - (2:33)
Wed, 20 Sep, 2017 - (2:01)
Thu, 21 Sep, 2017 - (2:14)
Wed, 20 Sep, 2017 - (2:05)
Wed, 20 Sep, 2017 - (0:52)
Tue, 19 Sep, 2017 - (0:58)
Tue, 19 Sep, 2017 - (1:12)
Mon, 18 Sep, 2017 - (1:50)
Sun, 17 Sep, 2017 - (1:00)
Fri, 15 Sep, 2017 - (2:14)
Fri, 15 Sep, 2017 - (0:43)
Most Popular »
5:16pm BST - (1:53)
1:06pm BST - (1:21)
9:29am BST - (1:20)
Mon, 13 Jun, 2016 - (1:37)
Thu, 21 Sep, 2017 - (48:30)
Sat, 09 Sep, 2017 - (1:02)
Tue, 27 Jun, 2017 - (1:49)
Fri, 22 Sep, 2017 - (1:16)
12:51pm BST - (0:25)
Fri, 22 Sep, 2017 - (1:10)
Tue, 08 Aug, 2017 - (2:04)
Business »
Fri, 22 Sep, 2017 - (1:43)
Fri, 22 Sep, 2017 - (1:20)
Fri, 22 Sep, 2017 - (3:13)
Thu, 21 Sep, 2017 - (4:58)
Wed, 20 Sep, 2017 - (5:44)
Fri, 22 Sep, 2017 - (1:06)
Fri, 22 Sep, 2017 - (1:19)
Fri, 22 Sep, 2017 - (1:47)
Fri, 22 Sep, 2017 - (1:04)
Fri, 22 Sep, 2017 - (1:24)
Thu, 21 Sep, 2017 - (1:06)
Thu, 21 Sep, 2017 - (1:20)
Featured Videos
'Smart' windows will lower heating costs, say researchers
Researchers at Eindhoven University of Technology have designed smart reflective windows that act as blinds in the summer and let all the sunlight through during the winter
Top surfers take part in test competition at "Surf Ranch"
Future is here for World Surf League as top surfers take part in test competition at ''Surf Ranch''
UK fishermen see Brexit boom, but there's a catch
Britain's vote to leave the EU has cast a shadow over the future of Europe's fishermen who fear that the British government could take control of the fish-rich waters around the British Isles and kick Europeans out of their patch
Cape Town grain silo turned into Africa's largest art museum
What was an abandoned grain silo is now the largest museum of contemporary African art in Africa
Mostar's famous bridge stars in cliffdiving spectacle
Briton Gary Hunt and America's Cesilie Carlton take the honours in the Red Bull Cliffdiving championship round on Mostar's famous bridge
Technology »
Fri, 22 Sep, 2017 - (2:19)
Fri, 22 Sep, 2017 - (1:47)
Wed, 20 Sep, 2017 - (2:05)
Wed, 20 Sep, 2017 - (1:45)
Tue, 19 Sep, 2017 - (1:34)
Tue, 19 Sep, 2017 - (1:03)
Mon, 18 Sep, 2017 - (2:01)
Mon, 18 Sep, 2017 - (2:09)
Fri, 15 Sep, 2017 - (1:15)
Fri, 15 Sep, 2017 - (1:17)
Fri, 15 Sep, 2017 - (1:15)
Fri, 15 Sep, 2017 - (1:07)
Entertainment »
Sat, 23 Sep, 2017 - (1:10)
Sat, 23 Sep, 2017 - (1:41)
Fri, 22 Sep, 2017 - (1:27)
Fri, 22 Sep, 2017 - (0:44)
Fri, 22 Sep, 2017 - (1:17)
Thu, 21 Sep, 2017 - (1:55)
Wed, 20 Sep, 2017 - (1:30)
Tue, 19 Sep, 2017 - (1:45)
Tue, 19 Sep, 2017 - (2:10)
Tue, 19 Sep, 2017 - (1:46)
Mon, 18 Sep, 2017 - (1:05)
Mon, 18 Sep, 2017 - (1:04)
Sports And Leisure »
Fri, 22 Sep, 2017 - (1:20)
Thu, 21 Sep, 2017 - (1:48)
Thu, 21 Sep, 2017 - (1:00)
Thu, 21 Sep, 2017 - (1:31)
Thu, 21 Sep, 2017 - (1:37)
Wed, 20 Sep, 2017 - (1:13)
Tue, 19 Sep, 2017 - (1:33)
Mon, 18 Sep, 2017 - (1:06)
Mon, 18 Sep, 2017 - (1:18)
Mon, 18 Sep, 2017 - (1:03)
Sun, 17 Sep, 2017 - (0:50)
Sat, 16 Sep, 2017 - (1:43)
Oddly Enough »
Wed, 20 Sep, 2017 - (1:12)
Wed, 13 Sep, 2017 - (1:11)
Tue, 12 Sep, 2017 - (1:09)
Tue, 05 Sep, 2017 - (0:56)
Mon, 04 Sep, 2017 - (1:32)
Mon, 04 Sep, 2017 - (1:04)
Fri, 01 Sep, 2017 - (1:35)
Fri, 01 Sep, 2017 - (0:58)
Fri, 01 Sep, 2017 - (0:50)
Fri, 01 Sep, 2017 - (0:54)
Fri, 01 Sep, 2017 - (0:58)
Wed, 30 Aug, 2017 - (1:45)
Dateline Asia »
Fri, 22 Sep, 2017 - (2:09)
Fri, 22 Sep, 2017 - (2:08)
Thu, 21 Sep, 2017 - (2:15)
Thu, 21 Sep, 2017 - (2:31)
Wed, 20 Sep, 2017 - (2:19)
Tue, 19 Sep, 2017 - (2:19)
Tue, 19 Sep, 2017 - (1:44)
Mon, 18 Sep, 2017 - (2:25)
Fri, 15 Sep, 2017 - (2:19)
Fri, 15 Sep, 2017 - (1:47)
Fri, 15 Sep, 2017 - (2:28)
Thu, 14 Sep, 2017 - (2:01)