Jobs News Sends Stock Market Rally on Goldilocks Payroll
U.S. employers added 175000 jobs last month, signaling steady growth without triggering Fed tapering. The Dow rose 207 points to 15248.12, led by Boeing and 3M as the S&P 500 and Nasdaq also gained amid a tech and consumer discretionary lift.
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Jobless rate climbs to 7.6 percent in May
The U S unemployment rate rose to 7.6 percent as 175000 jobs were added in May. More people seeking work boosted the rate while about three quarters found jobs. Analysts note steady growth amid tax increases and spending cuts and expect continued Fed stimulus. The report cites stock gains and improving housing auto sales and consumer confidence.
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Toyota targets younger buyers with sportier Corolla
Toyota unveils the 2014 Corolla in Santa Monica aiming to shed the no frills image and attract under-50 buyers. The 11th generation features a longer lower stance, a sportier look, new transmission and interior to improve quietness, handling and luxury.
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Belviq weight loss drug to reach U S patients this week
Washington says Belviq will be available to U S patients starting Tuesday after FDA approval last June for adults with obesity or related conditions. The Schedule IV drug faced logistic delays and safety notes include rare euphoric side effects.
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