Stocks move slightly higher following strong US jobs report
Source: AP-Excite
NEW YORK (AP) — U.S. stocks are moving higher in midday trading after the government reported surprisingly big job gains last month.
Bond prices fell and yields rose Friday as investors anticipated that the burst in hiring would result in stronger economic growth and higher interest rates.
Twitter and LinkedIn rose sharply after delivering strong results. Yelp and Pandora Media plunged.
The Dow Jones industrial average rose 40 points, or 0.2 percent, to 17,925 as of 11:45 a.m. Eastern time.
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FILE - In this Oct. 2, 2014, file photo, the statue of George Washington on the steps of Federal Hall faces the facade of the New York Stock Exchange. U.S. employers added a vigorous 257,000 jobs in January, and wages jumped by the most in six years, evidence that the job market is accelerating closer to full health. The surprisingly robust report the government issued Friday, Feb. 6, 2015 also showed that hiring was far stronger in November and December than it had previously estimated. .(AP Photo/Richard Drew, File)
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