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Closing Bell from MarketWatch Radio Network

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Wed, 1 Sep 2010|

The latest news from Steve Orr.

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Tags:

  1. Dow Industrials0:07
  2. oil prices0:34
  3. Wall Street0:00
  4. S&P 5000:13
  5. Burger King0:47
  6. NASDAQ0:11
  7. ExxonMobil0:44

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Automatically Generated Transcript (may not be 100% accurate)

Wall Street opens September with a bang the major indexes soared two and a half to 3%. More specifically the Dow Industrials jumped 255. Points the NASDAQ climbed 63. The S&P 500 added 31 points this rally followed some unexpected news about the economy. Manufacturing activity expanded for the thirteenth straight month. A staffing firm -- planned job cuts last month dropped to a ten year low. That helped offset a report that showed the private sector cut 101000 jobs in August. Elsewhere oil prices spiked about two dollars to nearly 74 dollars a barrel in the wake of the upbeat manufacturing data. An oil companies rallied as well for instance ExxonMobil edit 3%. Finally Burger King cooked up some gains surging almost 15%. Reports say the burger chain is in talks to be acquired by a private investment firm. I'm Steve war at marketwatch.com.

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