Your point?<quoted text>"FOX Business: Capitalism Lives Here
The blue-chip average roared past the 15000 mark for the first time ever as traders cheered data suggesting than labor market is in better condition than previous thought.
As of 3:06 p.m. ET, the Dow Jones Industrial Average rallied 139 points, or 0.94%, to 14971, the S&P 500 jumped 16.2 points, or 1%, to 1614 and the Nasdaq Composite surged 37.8 points, or 1.1%, to 3378.
Wall Street has had a manic week: The markets sold off on Wednesday, just to rally on Thursday. Now, world trading desks have focused their attention squarely on the American economy.
The Dow and S&P 500 both hit milestones. The blue-chip average topped 15000 for the first time ever, while the broader S&P surpassed 1600. Both were up more than 13% on the year.
Economically-sensitive stocks led the way higher. Industrial, materials, financial and consumer discretionary names fared the best. Defensive plays like utilities, telecommunications and consumer staples performed the worst.
Economic Woes 'In the Rearview Mirror'
The Labor Department said nonfarm payrolls rose by 165,000 in April from March, beating expectations of 145,000. The unemployment rate ticked down to 7.5% from 7.6% for the month, the lowest level since December 2008. Economists expected the rate to hold steady. March’s nonfarm payroll increase was also revised up to 138,000 from a previously reported 88,000."
Read more: http://www.foxbusiness.com/markets/2013/05/03...
This still remains the most sluggish recovery in history due to Obama's bumbling leadership.