Points. S p up by close to 2 points above fair value pt and the nasdaq is up by 3. 5 points. Andrew, tag, youre it. Thank you, becky. We have Corporate News for you this final thursday morning before a long weekend. We should tell you that lululemons founder and advisers, the one that was kicked out, you might recall, chip wilson for those comments about who should be wearing those pants, hes reportedly talking to some private equity firms gauging their interest in a buy out of the yoga wearmaker. The wall street journal reports there is no deal in the works. A buyout would face a number of big issues because the premium that would be needed over the companys 6 billion market capitalization might be too high. But that is what people are talking about this morning. Also, volkswagen denying the report is planning a bid for u. S. Truckmaker paccar. Earlier today. Two analysts, two Research Analysts noted included the head of dominos truck unit saying that he has been told that volkswagen
The yield on the ten year in the last week is up about 15 basis points. Thats not even the peak. We were at 267, 268 early on. So were getting a swift market response to all of this strong jobs data today. The question is whether well close above 17,000 here, bill, and right now it looks like weve got a comfortable margin. Lets look across the markets. Dow is up. Session highs, 92 points. Again, only an hour to go until the close here. The nasdaq meanwhile, out performer this week up almost 2 . Its turning in a decent performance adding 23, another half percent. Finally the s p 500, at levels we have not seen for this index. Up almost 10 points. 1984, just 15 points away from 2000. Talk about this important trading day. Monica madea, part of our closing bell exchange. With seventh capital. John manly and ben willis from princeton, Keith Fitzgerald said it would be like this from Money Map Press and our own rick san telly. Cant wait to talk bonds with him in a minute. Is this a green li
A strengthening u. S. Economy. For the First Time Ever the dow industrial average broke through the 17,000 milestone after news the economy added more workers, pushing the jobless rate to the lowest level in nearly six years. Employers added 288,000 jobs last month, the fifth straight monthly gain of more than 200,000 sending the Unemployment Rate this time around to just 6. 1 . Average wages are rising by 6 cents an hour. With the markets closing at 1 00 p. M. Eastern time ahead of the july 4th holiday, investors rallied. The dow was up 92 points at the close, a new record high of 17,068. The nasdaq closing at a 14year high and s p added ten. Thats also a new alltime high for the index. We have two reports tonight. Bob tells us about the dow reaching the 17,000 mark, and what it means for investors and the economy, but we begin with Hampton Pearson and a closer look at the june jobs report. Reporter junes robust employment gains are the latest evidence of a job market gaining momentum
A strengthening u. S. Economy. For the First Time Ever the dow industrial average broke through the 17,000 milestone after news the economy added more workers, pushing the jobless rate to the lowest level in nearly six years. Employers added 288,000 jobs last month, the fifth straight monthly gain of more than 200,000 sending the Unemployment Rate this time around to just 6. 1 . Average wages are rising by 6 cents an hour. With the markets closing at 1 00 p. M. Eastern time ahead of the july 4th holiday, investors rallied. The dow was up 92 points at the close, a new record high of 17,068. The nasdaq closing at a 14year high and s p added ten. Thats also a new alltime high for the index. We have two reports tonight. Bob tells us about the dow reaching the 17,000 mark, and what it means for investors and the economy, but we begin with Hampton Pearson and a closer look at the june jobs report. Reporter junes robust employment gains are the latest evidence of a job market gaining momentum
A strengthening u. S. Economy. For the First Time Ever the dow industrial average broke through the 17,000 milestone after news the economy added more workers, pushing the jobless rate to the lowest level in nearly six years. Employers added 288,000 jobs last month, the fifth straight monthly gain of more than 200,000 sending the Unemployment Rate this time around to just 6. 1 . Average wages are rising by 6 cents an hour. With the markets closing at 1 00 p. M. Eastern time ahead of the july 4th holiday, investors rallied. The dow was up 92 points at the close, a new record high of 17,068. The nasdaq closing at a 14year high and s p added ten. Thats also a new alltime high for the index. We have two reports tonight. Bob tells us about the dow reaching the 17,000 mark, and what it means for investors and the economy, but we begin with Hampton Pearson and a closer look at the june jobs report. Reporter junes robust employment gains are the latest evidence of a job market gaining momentum