US unemployment rate dropped

[katie]

US stocks managed to squeeze in some gains at the close of the day on Friday after data came in that the unemployment rate dropped to 9.7 percent despite an unexpected cut in jobs in January. Cleveland Rueckert, market analyst at Birinyi Associates in Stamford, Conneticut, said: "It's bargain hunting in an oversold market. At least in the short term, selling was overdone."


Dow Jones gained 10 to close at 10,012. The S&P 500 index gained 3 at 1,066. Nasdaq added 15 at 2,141.

[hriti]

Well, right. but as i see US market is falling now a days. it's right?

[smarttradepro10]

Yes. So far US Market is fluctuating.

[katie]

yes...the US market is in high volatility ... I think federal reserve's decision can help to curb the volatility..

[namratasnv]

That is very important to know that right now Us market is volatile and it is important to get over this volatility as stocks slipped on friday.