Friday was a good day be a publicly-traded employment Web site.
Shares of Monster Worldwide
soared 10% on the first sign of employment growth in the U.S. economy in seven months.
Jobs growth has been the one thing lacking in the economy’s recovery, and September’s unexpected gain of 57,000 jobs gave investors and economists hope that the recovery could begin to pick up steam.
It also gave investors reason to snatch up shares of MNST on hope that the company’s fortunes will pick up. MNST stopped just short of a 52-week high before pulling back with the rest of the market.
The Nasdaq surged 44 to 1880, the S&P 500 rose 9 to 1029, and the Dow gained 84 to 9572. Volume rose to 1.55 billion shares on the NYSE, and 2 billion on the Nasdaq. Advancers led 21-10 on the NYSE, and 21-9 on the Nasdaq. Upside volume was 75% on the NYSE, and 80% on the Nasdaq. New highs-new lows were 411-5 on the NYSE, and 267-1 on the Nasdaq.
gained 4% as it launched a campaign to capitalize on Sun’s
rose 2% despite a lawsuit over security issues.
soared 14% after raising guidance.
rose 4% on stronger than expected license revenue growth.
fell 6% despite better than expected results.
gained 2.4% as it shut down SiteFinder.
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