Summary Box: Positive signals on private sector hiring and services send stocks higher
By APWednesday, August 4, 2010
Summary Box: Economic signals give stocks a lift
JOB BOOST: Good news on private sector employment helped get the stock market back on an upward track. Payroll company ADP said private employers increased hiring last month.
BACK ON THE UPSWING: The 44 point gain in the Dow Jones industrials easily wiped out the 38 point loss from a day before, and seemed to restart the market’s upward momentum. The Dow has gained 10.3 percent since closing at its lowest level of the year on July 2.
LOOKING AHEAD: The market’s gains were held in check ahead of a key report due Friday from the Labor Department on monthly employment figures.
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