Shows & Panels
- The 2014 Big Picture on Cyber Security
- AFCEA Answers
- Ask the CIO
- Connected Government
- Consolidating Mission-critical Systems
- Constituent Servicing
- Continuous Monitoring: Tools and Techniques for Trustworthy Government IT
- The Data Privacy Imperative: Safeguarding Sensitive Data
- Eliminating the Pitfalls: Steps to Virtualization in Government
- Federal Executive Forum
- Federal Tech Talk
- Government Cloud Brokerage: Who, What, When, Where, Why?
- Government Mobility
- Mission-critical Apps in the Cloud
- Mobile Device Management
- The Modern Federal Threat Landscape
- The Path from Legacy Systems
- Understanding the Intersection of Customer Service and Security in the Cloud
Shows & Panels
Stocks open sharply higher after US hiring surges
Friday - 5/3/2013, 10:26am EDT
NEW YORK (AP) -- Stocks are soaring in early trading after hiring surged in the U.S. last month and unemployment hit a four-year low.
The Standard & Poor's 500 index crossed 1,600 for the first time. In the first minutes of trading Friday, it was up 16 points at 1,613, a gain of 1 percent.
The Dow Jones industrial average jumped 134 points, or 0.9 percent, to 14,964.
The Nasdaq composite rose 37 points, or 1 percent, to 3,378.
Investors were encouraged after U.S. employers added 165,000 jobs in April, and hiring was much stronger in the previous two months than the government first estimated. The job increases helped lower the unemployment rate from 7.6 percent to a four-year low of 7.5 percent.
Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.