US stocks extend record run ahead of jobs report
Source: AP-Excite
By MATTHEW CRAFT and STEVE ROTHWELL
NEW YORK (AP) — A batch of good news on the economy Wednesday pushed the stock market to new highs.
Payroll processer ADP said that U.S. companies added 208,000 jobs in November, the third straight month that hiring has topped 200,000. A separate report showed that service sector activity climbed close to an eight-month high in November.
The reports were an encouraging sign before the government's monthly jobs survey is published on Friday.
"There is nothing more important than employment data," said Russell Price, senior economist at Ameriprise Financial. "More income fuels more consumer spending over time."
FULL story at link.
The Wall Street entrance of the New York Stock Exchange, Thursday, Oct. 2, 2014. Global stock markets drifted higher Wednesday Dec. 2, 2014 after Chinese business surveys offered some optimism about the world's No. 2 economy. (AP Photo/Richard Drew)
Read more: http://apnews.excite.com/article/20141203/financial_markets-9391d69521.html
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