Free Republic 2nd Qtr 2024 Fundraising Target: $81,000 Receipts & Pledges to-date: $19,829
24%  
Woo hoo!! And we're now over 24%!! Thank you all very much!! God bless.

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  • Dow surges 800 points after Powell comments, blowout jobs report

    01/04/2019 10:17:27 AM PST · by abb · 86 replies
    CNBC ^ | January 4, 2019 | Fred Imbert
    Stocks rallied on Friday after two positive pieces of news for the market. At 8:30 a.m., the Labor Department said the U.S. economy added 312,000 jobs in December. That blew past an expectation of 176,000 jobs. Later on Friday morning, Federal Reserve Chairman Jerome Powell said the central bank will be patient in raising rates, quelling fears of tighter monetary policy in the near future. The Dow Jones Industrial Average rose 800 points, or 3.5 percent. The S&P 500 rallied 3.5 percent, with the tech sector gaining more than 4 percent. The Nasdaq Composite climbed 4.3 percent. This was a...