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 »
12:11am GMT - (1:44)
Sun, 20 Jan, 2019 - (2:37)
Sat, 19 Jan, 2019 - (1:44)
Sat, 19 Jan, 2019 - (1:33)
Sat, 19 Jan, 2019 - (1:58)
Sat, 19 Jan, 2019 - (0:48)
Sat, 19 Jan, 2019 - (0:52)
Sat, 19 Jan, 2019 - (2:25)
Fri, 18 Jan, 2019 - (1:31)
Fri, 18 Jan, 2019 - (0:33)
Fri, 18 Jan, 2019 - (1:08)
Fri, 18 Jan, 2019 - (1:01)
Editors' Picks »
Sat, 19 Jan, 2019 - (1:34)
Fri, 18 Jan, 2019 - (2:08)
Fri, 18 Jan, 2019 - (2:11)
Fri, 18 Jan, 2019 - (1:08)
Thu, 17 Jan, 2019 - (1:46)
Thu, 17 Jan, 2019 - (4:07)
Thu, 17 Jan, 2019 - (1:55)
Thu, 17 Jan, 2019 - (0:57)
Wed, 16 Jan, 2019 - (2:08)
Business »
Sun, 20 Jan, 2019 - (6:36)
Sun, 20 Jan, 2019 - (1:51)
Fri, 18 Jan, 2019 - (1:13)
Fri, 18 Jan, 2019 - (1:28)
Fri, 18 Jan, 2019 - (0:58)
Fri, 18 Jan, 2019 - (1:39)
Fri, 18 Jan, 2019 - (5:04)
Fri, 18 Jan, 2019 - (1:31)
Fri, 18 Jan, 2019 - (1:37)
Fri, 18 Jan, 2019 - (1:17)
Fri, 18 Jan, 2019 - (1:58)
Fri, 18 Jan, 2019 - (1:36)
Featured Videos
Want to be Danish? You'd better shake hands
New Danish citizens seal their naturalization by shaking the immigration minister's hand - an obligatory rite in the ceremony under a controversial new law
Uganda's young lacrosse players dream of glory
Uganda is the first African country to field a national lacrosse team at the sport's World Championships, and one player is now trying to keep the sport alive through the country's youth.
The coffee farmers earning less than a cent a cup
A slump in global coffee prices to their lowest in nearly 13 years, is raising questions about whether it's worth growing beans at all in traditional coffee heartlands like Ethiopia
Smashing good time in Beijing's anger room
The recently opened venue 'SMASH' allows paying customers to vent their frustration on inanimate objects
Ugandan business banks on bamboo bikes
Buying an imported high-quality bicycle in East Africa can be prohibitively expensive. So, a Ugandan company has decided to use a local, more natural material, to create affordable frames
Technology »
Fri, 18 Jan, 2019 - (0:55)
Thu, 17 Jan, 2019 - (1:39)
Mon, 14 Jan, 2019 - (1:45)
Mon, 14 Jan, 2019 - (1:41)
Fri, 11 Jan, 2019 - (1:26)
Wed, 09 Jan, 2019 - (1:42)
Wed, 09 Jan, 2019 - (2:16)
Wed, 09 Jan, 2019 - (1:03)
Tue, 08 Jan, 2019 - (2:02)
Tue, 08 Jan, 2019 - (2:28)
Entertainment »
Sat, 19 Jan, 2019 - (1:54)
Fri, 18 Jan, 2019 - (1:08)
Fri, 18 Jan, 2019 - (1:14)
Thu, 17 Jan, 2019 - (0:54)
Thu, 17 Jan, 2019 - (1:35)
Thu, 17 Jan, 2019 - (1:31)
Thu, 17 Jan, 2019 - (2:11)
Wed, 16 Jan, 2019 - (0:52)
Sports And Leisure »
Fri, 18 Jan, 2019 - (1:27)
Fri, 18 Jan, 2019 - (1:05)
Fri, 18 Jan, 2019 - (0:59)
Thu, 17 Jan, 2019 - (0:57)
Thu, 17 Jan, 2019 - (0:37)
Tue, 15 Jan, 2019 - (1:36)
Mon, 14 Jan, 2019 - (1:03)
Mon, 14 Jan, 2019 - (1:18)
Mon, 14 Jan, 2019 - (0:43)
Mon, 14 Jan, 2019 - (0:58)
Oddly Enough »
Fri, 18 Jan, 2019 - (1:40)
Fri, 18 Jan, 2019 - (0:45)
Thu, 17 Jan, 2019 - (1:31)
Thu, 17 Jan, 2019 - (0:47)
Thu, 17 Jan, 2019 - (0:58)
Wed, 16 Jan, 2019 - (1:36)
Tue, 15 Jan, 2019 - (0:52)
Mon, 14 Jan, 2019 - (0:47)
Fri, 11 Jan, 2019 - (1:03)