Wall Street jumps at open on payrolls data (Reuters)
Friday, May 6, 2011 7:01 AM By dwi
NEW YORK (Reuters) – Wall Street jumped at the open on weekday after an unexpectedly brawny payrolls inform mitigated fears about the line of the scheme recovery.
Reflecting the mitigated concerns in the market, the CBOE Volatility Index (.VIX), Wall Street's so-called emotion gauge, fell 8.4 percent to 16.67.
The Dow Jones industrialized average (.DJI) was up 143.95 points, or 1.14 percent, at 12,728.12. The Standard & Poor's 500 Index (.SPX) was up 15.88 points, or 1.19 percent, at 1,350.98. The Nasdaq Composite Index (.IXIC) was up 31.11 points, or 1.11 percent, at 2,845.83.
(Reporting by Angela Moon, Editing by Chizu Nomiyama)
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