Author: Albena Toncheva
123jump.com
Last Update: 13:05 PM ET July 08 2005
Alcoa's 2Q earnings and strong job creations put buyers in action in the first half of the session. After initial cautiosness to the non-farm payroll report of 146 K new jobs to the expected 195 K in June investors returned with more buying power as the report appeared less inflationary. Energy, consumer discretionary and tech stocks are leading the market rise. European stocks closed near the sessions high as Frankfurt and Paris close better than 1%.
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