Equity Markets Soar on Friday |
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Daily Review 5/11/2009 USD Dollar (USD) – With continues rally in stocks the Dollar weakened as investors wait for today's payrolls data. Weekly Jobless Claims showed the labor market has enhanced slightly, to 512K vs. 520K expected. Also, the Nonfarm Productivity came out 9.5% better than expected 6.4%. The Equity markets soared, the Dow Jones finished above 10,000 for the first time since late October. The NASDAQ jumped 2.40% and the S&P 500 rose 1.92%. Gold (XAU) ended at $1,090 an
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