News Summary: Wall Street Rallies On Jobs News

The Associated Press

GOOD START TO NOVEMBER: The Dow Jones industrial average rose 136 points on the first day of November, its best gain since mid-September. That came after a loss in October, the first down month since May.

CONFIDENT CONSUMERS: The Conference Board said Americans' confidence in the economy surged last month to the highest level in nearly five years. Many were encouraged by an improving job market.

JOBS NEWS: Investors got a twin dose of good news on the jobs market. Claims for unemployment benefits fell last week, and payroll processor ADP reported that private companies added more jobs last month than economists had been expecting.

Copyright 2011 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

More from Opinion

Elon Musk's Latest Twitter Tirade Is the Dumbest Thing on Wall Street

Elon Musk's Latest Twitter Tirade Is the Dumbest Thing on Wall Street

Elon Musk's Twitter Tirade Is the Dumbest Thing on Wall Street

Elon Musk's Twitter Tirade Is the Dumbest Thing on Wall Street

Why Google's Search Momentum Won't Be Badly Hurt by New EU Rules

Why Google's Search Momentum Won't Be Badly Hurt by New EU Rules

Flashback Friday: Amazon, Chip Stocks, Memorial Day

Flashback Friday: Amazon, Chip Stocks, Memorial Day

Time to Talk Tesla: What Happened This Week, Elon?

Time to Talk Tesla: What Happened This Week, Elon?