Stocks are up this morning thanks to a better than expected government jobs report. The Labor Department announced today that 227,000 jobs were added last month with the unemployment rate holding steady at 8.3%. Economists were expecting a gain of around 210,000 jobs. News out of Greece was positive as well today with participation from bondholders for the credit swap at 85.8% of the country’s debt burden.
All of this positive news has sent the Dow up 60 points, the Nasdaq up 21 points and the S&P 500 up 8 points. [Read more...]