This is your Mid-day Market Update. Stocks open to up arrows and are in the green so far today with the Dow in the triple digits. This over a positive jobs report from the Labor Department
The Labor Department reported 163,000 jobs were added in July, which was above the average economist estimate of 100,000. And even though the agency also reported the unemployment rate climbing to 8.3%, the good news outweighed the bad in today's trading.
Oil and gold also up in the market today. Oil over the $90 a barrel mark and Gold reaching over $1600 an ounce.
Winners in today's trading include OpenTable and LinkedIn, both having positive second quarter earnings reports. And even though there are few losers today Zipcar is leading the downward trend. Its shares falling because of its very negative earnings and full year outlook
Currently, the Dow is up 242 points to 13,120. The Nasdaq is up 62 and the S&P is up 28 points. Both the Nasdaq and S&P are up over 2% with the Dow not far behind. For more market updates and analysis of the business world follow us on twitter @FNNOnline or check out our website at fnno.com.