While stock markets around the world are closed for Good Friday, the U.S. Labor Department will publish its monthly employment report today at 8:30 a.m. New York time. That means another early morning for Wedbush Securities Inc.’s Michael James in Los Angeles.
The dollar rose for a sixth day while Treasuries slid as faster-than-forecast growth in manufacturing fueled speculation the Federal Reserve will taper bond purchases. U.S. stocks climbed after a two-day drop while the S&P GSCI Index of commodities sank to a four-month low.
U.S. stocks rose, extending the biggest first-quarter rally in 13 years for the Standard & Poor’s 500 Index, as a report showing companies added more workers in March bolstered optimism about the economy.
U.S. stocks rose, halting the first two-day drop in the Standard & Poor’s 500 Index in three weeks, as optimism about corporate earnings offset concern that improving economic data could prompt the Federal Reserve to trim stimulus.
U.S. equities recouped $1 trillion of share value that was erased in the last seven weeks, as Federal Reserve Chairman Ben S. Bernanke pledged to preserve stimulus and stocks rallied on signs of economic expansion.
U.S. stocks and Treasuries retreated as comments from Federal Reserve Governor Jeremy Stein spurred concern the central bank may begin to reduce stimulus in September. The dollar rallied while gold trimmed its worst quarterly drop on record.
U.S. stocks fell, trimming the biggest September gain since 1939 for the Standard & Poor’s 500 Index , as investors sold some of the month’s best-performing shares amid speculation that improving economic data will reduce the need for the Federal Reserve to stimulate growth.