NFP for June at a Record High of +4.8mn; US Junk Bond Funds Witness Big Outflows; SAIC to Buy Stake in CAR Inc

NFP for June at a Record High of +4.8mn; US Junk Bond Funds Witness Big Outflows; SAIC to Buy Stake in CAR Inc

Stronger than expected US NFP data of 4.8 million in June vs 3 million expected gave a knee-jerk rally for stocks. The unemployment rate also fell to 11.1% from 13.3% last month. The intraday rally was short-lived and reversed much of the gains as many are concerned...
Show Buttons
Hide Buttons