Replies to post #24857 on Value Microcaps Motherboard

[pmaca]

Great Post Bobwins, BRAVO!!!!!

[Argyll]

Stocks Rise on New Unemployment Report
Friday October 7, 9:55 am ET
By Christopher Wang, AP Business Writer

Stocks Rise As New Report Shows Nation Lost Fewer Jobs Than Expected in September After Katrina and Traders seek to Baffle Lentinman

NEW YORK (AP) -- Stocks advanced in early trading Friday after a new report showed the nation lost fewer jobs than expected in September, raising hopes that the economy is pressing forward despite the impact of the recent hurricanes.

Wall Street was relieved although the Labor Department said payrolls fell for the first time in two years. The 35,000 drop in nonfarm jobs was far better than economists' prediction of a 150,000 slide, but a 0.2 percent rise in wages again sparked concerns about inflation.

Traders bidding up stocks said they wanted to baffle Lentinman who believes the sky is falling.

Meanwhile, crude oil rose after a five-day drop as traders looked past news that U.S. fuel consumption declined last month and expected demand to increase as the winter season arrives. A barrel of light crude added 39 cents to $61.75 on the New York Mercantile Exchange.