NEW YORK (
) -- Here are the top stock market headlines for the morning of Monday, April 5, 2010.
Monday's Early Headlines
- Stocks Up After Friday's Jobs Report -- Stocks opened higher while bonds were under pressure after Friday's nonfarm payrolls report, which showed that the U.S. economy added 162,000 jobs in March. While that number was below the 200,000 consensus target of economists, weaker-than-expected hiring of Census workers meant that private employment was stronger than many had expected.
- Apple Sells 300,000 iPads in First Day -- Apple (AAPL) - Get Report said iPad sales were 300,000 on the first day, including pre-order deliveries, store deliveries and retail sales. "It feels great to have the iPad launched into the world -- it's going to be a game changer," said Steve Jobs, Apple's CEO.
- Bond Prices in Focus Monday -- Treasurys will be closely watched Monday with three auctions on tap. Monday will see a $28 billion auction of 3-month bills, a $29 billion auction of 6-month bills, and an $8 billion auction of 10-year TIPS. Treasurys have been under pressure following a string of weak auctions, which has pushed the 10-year note close to 4%.
- Entergy Cancels Spinoff, Raises Dividend -- Entergy (ETR) - Get Report said it will take a potential charge of 40 cents to 45 cents a share in connection with its decision to unwind its proposal to spin off its Enexus Energy nuclear generation unit. Entergy also said it has raised its quarterly dividend to 83 cents a share from 75 cents, the first increase in its quarterly common stock dividend since July 2007. The company also authorized a new $750 million share repurchase program.
- Walgreens Sales Up More Than 6% -- Walgreens (WAG) reported a 6.4% increase in March sales to $5.82 billion from the same month a year ago. Calendar-day shifts had a positive impact of 1.1 percentage points on comparable store sales in March, which had one more Wednesday and one less Sunday compared with March 2009.
-- Written by Robert Holmes in Boston
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