Upbeat Jobs Data Lifts Markets To Higher Close
The markets closed higher with the Dow surging 122 points to 10,566 as the nation's unemployment rate held steady while fewer than expected jobs were shed last month. Nasdaq soared 34 points to 2326.
The markets closed higher with the Dow surging 122 points to 10,566 as the nation's unemployment rate held steady while fewer than expected jobs were shed last month. Nasdaq soared 34 points to 2326.

On the upside

Move Inc. (Nasdaq: MOVE) widened fourth quarter losses but revenue topped estimates and the company forecast first quarter revenue ahead of expectations.

Standard Motor Products (NYSE: SMP) narrowed fourth quarter losses as revenue rose to beat expectations.

L&L Energy (Nasdaq: LLEN) affirmed its 2010 earnings outlook.

On the downside

Dynamic Materials (Nasdaq: BOOM) disappointed with sharply lower fourth quarter earnings that missed expectations.

Fourth quarter earnings for Mentor Graphics (Nasdaq: MENT) rose but the software design solutions company warned of first quarter losses.

ArcSight (Nasdaq: ARST) reported lower third quarter earnings that fell short of expectations.

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