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Jobs report sends stocks higher

Stocks are higher at mid-morning Friday. The monthly report on the labor market was better than expected in terms of number of jobs added, but wage growth slowed from January, which, for now avoids sparking more worries about interest rates.

At present, the S&P 500 is up 1.01%, the DJIA is up 1.01%, and the NASDAQ is up 1.04%.

Industries doing well today include Energy Equipment & Services, Auto Components, and Road & Rail. Industries showing weakness include Leisure Products, Diversified Consumer Services, and Independent Power and Renewable Electricity Producers. The VIX is down 1.20 to 15.34 after closing yesterday at 16.54. The most heavily traded options this morning are for the SPDR S&P 500 Trust ETF (SPY), with 13,967 Apr. 20 245 puts on the board. The total put/call ratio as of 10:00 AM was 0.57 (364,218/635,997). The advancers/decliners ratio for NYSE stocks is 2,028/901, while the advancers/decliners ratio for NASDAQ stocks is 1,939/932.


Bobby Raines

Bobby Raines is the Managing Editor of the Market Intelligence Center. He has degrees in Mass Communications and History from Emory & Henry College. Bobby worked at a mid-sized daily newspaper before making a switch to covering the financial industry full time in the years leading up to the financial crisis. He has been a member of the Fresh Brewed Media team since 2011 and has served as a writer and analyst. You can write to him at braines@marketintelligencecenter.com or follow him on Twitter: @BRatMICenter.