Today: Wall Street boosted by jobs data, euro weighs, BAH News

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Dec 9, 2010

Wall Street boosted by jobs data, euro weighs, BAH News

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Stocks rose modestly after encouraging labor market data renewed optimism the fragile economic recovery was track, but gains were limited by a decline in the euro.
The Dow Jones industrial average was off 8.10 points, or 0.07 percent, to 11,364.38. The Standard & Poor's 500 Index added 1.62 points, or 0.13 percent, to 1,229.90. The Nasdaq Composite Index edged up 3.59 points, or 0.14 percent, at 2,612.75.
European shares hit a 26-month high on optimism US tax cuts would boost consumption, with technology stocks boosted after ASML lifted its booking forecast.
The pan-European FTSEurofirst 300 index of top shares was 0.3 percent higher at 1,122.96 points.
Japan's Nikkei average climbed 0.5 percent and briefly hit a seven-month high as foreign funds shifted their focus to financials from exporters in their continued buying spree in Tokyo stocks.
The benchmark Nikkei closed the day up 0.5 percent at
10,285.88. At one point it hit a seven-month high of 10,298.25.

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