News Headline Summary

US EQUITY WRAP

US equities closed in the green as sentiment was supported by positive US employment data. US indices immediately moved higher following the release of the better than expected Nonfarm payrolls which came in at 236K vs. 165K. However, US indices immediately bounced from their highs with increased speculation that the Fed may taper QE sooner than expected. Although the S&P 500 closed within 25 points of its all-time high, the financial sector has been the laggard with Goldman Sachs among the biggest losers after underperforming in Federal Reserve stress tests. Finally, the DJIA finished up 0.47% at 14397.07, the S&P 500 finished up 0.45% at 1551.18 and the NASDAQ 100 finished up 0.38% at 3244.37.

08 Mar 2013 - 15:11 - Equities Data - Source: RANsquawk

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