Good Jobs Numbers Raise Stocks

Good Jobs Numbers Raise Stocks (Bloomberg)

Data showing an unexpected decline in jobless claims outweighed concern about a possible government shutdown, propelling stocks to a gain for the day and breaking a five-session losing streak for the S&P 500. “Economic news have been reasonably good,” Mark Foster, chief investment officer at Kirr Marbach & Co. in Columbus, Indiana, said. “On the negative side, we have the short-term budget issues and debt ceiling. I don’t think that’ll end up being a major issue. People just get somewhat immune to all of that.”