Wednesday 08, August 2012 by Bob Doll
Policy outlook supports a 'risk on' trend
Stocks struggled for most of last week until a stronger-than-expected July payrolls report was released on Friday. The data showed that 163,000 jobs were created for the month in the US, significantly higher than the less-than-100,000 that was expected. Although the US unemployment rate did tick higher in July (from 8.2% to 8.3%), investors viewed the overall news as a positive and pushed stocks to a fourth week of gains.
