Market Wrap for July 5: Stocks, Oil, U.S. Dollar Jump in Wake of Strong Payrolls Report; Treasuries and Precious Metals Plunge
July 05, 2013 at 16:36 PM EDT
The U.S. stock market climbed on Friday and other markets gyrated violently in the wake of a very strong Nonfarm payrolls report for June. Stocks actually fell in the early going after gapping higher, but significant buying pressure in afternoon trading sent the major averages out near session highs. The