Job numbers OK for stock market
Oct 4, 2012 / 7:07 am
The Toronto stock market was higher in early trading as the latest jobs data from the U.S. showed a slight gain and oil prices also moved higher.
The S&P/TSX composite index rose 39.19 points to 12,398.66, while the TSX Venture Exchange was up 6.55 of a point to 1,331.77.
The U.S. Labour Department reported that initial jobless claims rose to a seasonally adjusted 367,000, which was largely in line with expectations and consistent with only modest hires.
November crude on the New York Mercantile Exchange moved up 62 cents to US$88.76 a barrel, with the energy sector up 0.3 per cent. December gold bullion rose $8.30 to US$1,788.10 an ounce.
On Wall Street, the Dow Jones industrials were up 34.36 points to 13,528.97. The Nasdaq composite index fell back 0.17 points to 3,135.06, while the S&P 500 index gained 4.41 points to 1,445.40.
The Canadian dollar increased 0.43 of a cent to 101.63 cents US.
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