Wall Street Bounces Back Following Weak Jobs Report
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stu99/iStock/Thinkstock(NEW YORK) — Stocks rose on Monday, as markets digested the weaker-than-expected jobs report released last week.
The Dow Jones Industrial Average closed the session on Monday at 17,880.85, 117.61 above its open.
The Nasdaq was up 30.38 to a close of 4,917.32, while the S&P 500 rose by 13.66 to 2,080.62.
Tesla’s shares hit new highs on Monday, as the company reported selling 10,000 electric vehicles in one quarter, for the first time. Tesla delivered just 31,000 cars in all of last year.
Gold jewelry is now worth more, rising on Monday to a seven-week high. The price of gold has climbed for the second straight session because U.S. jobs rose at the slowest pace in more than a year.
Apple is beginning its marketing blitz for the iWatch pre-sales. The company is taking orders starting Friday, and customers can try and purchase the watches soon by appointment only.
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