Loading...

SmarTrend Market Close Wrap-Up: May 6, 2011

418 views

Loading...

Loading...

Transcript

The interactive transcript could not be loaded.

Loading...

Loading...

Rating is available when the video has been rented.
This feature is not available right now. Please try again later.
Published on May 6, 2011

The major U.S. equity indices closed higher Friday following a better-than-expected April payrolls report.

The American economy added 244,000 jobs in April, the largest increase in almost a year, but the unemployment rate actually rose to 9% from the reported 8.8% in March, as more people actively looked for work, the U.S. Bureau of Labor Statistics reported today.

In corporate news, American International Group (NYSE:AIG) reported a Q1 loss of $0.35 per share late yesterday, substantially worse than the consensus estimate for a loss of $0.15 per share.

Sony Corp. (NYSE:SNE) Chairman Howard Stringer apologized and offered U.S. customers of PlayStation Network and Qriocity online entertainment services a year of free identity-theft protection after hackers crippled the system, according to a Bloomberg report.

The company will offer a $1 million insurance policy per user. Subscribers have until June 18 to sign up for Debix Inc.'s AllClear ID Plus protection program.

The Dow Jones Industrial Average (DJI) closed 0.43% higher at 12,638.74, the S&P500 (INX) closed 0.37% higher at 1,340.20, and the Nasdaq Composite (IXIC) closed 0.46% higher at 2,827.56.

Loading...

When autoplay is enabled, a suggested video will automatically play next.

Up next


to add this to Watch Later

Add to

Loading playlists...