Stocks rallied on the heels of a soaring Treasury market which surged after the
rose 275,000 in February, while the unemployment rate rose to 4.4% from 4.3%.
Consensus estimates were for nonfarm payrolls to rise 245,000 and for the unemployment rate to remain at 4.3%.
The 30-year Treasury bond was up 2 2/32 to 95 20/32, yielding 5.55%.
Dow Jones Industrial Average
was up 149 to 9617. The
was up 21 to 1268. The
Nasdaq Composite Index
was up 42 to 2335. The
was up 4 to 398.
TheStreet.com Internet Sector
index was up 14 to 537.
TheStreet.com E-Commerce Index
was up 3 to 97.
Most Up at Open -- NYSE
Telebras (TBH) , up 2 15/16 to 70
Most Up at Open -- Nasdaq
has agreed to buy Level One for $2.2 billion in stock.
wrote about the deal
Most Down at Open -- NYSE
Most Down at Open -- Nasdaq
IDX Systems (IDXC) , down 10 3/8 to 15 5/8
: The company warned it expects to post a loss of 22 cents to 28 cents a share in the first quarter, short of the current
22-analyst consensus estimate of 35 cents. The company said first-quarter sales are expected to be in the range of $60 million to $65 million. The company blamed an unexpected deferral of purchasing decisions by its customers for the sales shortfall.