Stocks Jump on Better Jobless Numbers


Stocks rose sharply Wednesday after a batch of economic reports offered some hope that the U.S. economy was improving. Investors seized on encouraging readings on the labor market and Americans' incomes.

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Economy Update: Initial Jobless Claims See a Big Drop

Financial markets are becoming increasingly schizophrenic, ruled by erratic ups and downs. It's at times like these when technical analysis can help investors manage the emotional roller coaster, which is why for chart watchers, the catchphrase of the next few months could be "mind the gaps."

Growth in industrial production eased in October, as durable goods orders unexpectedly fell 3.3%. It was the largest decline in orders since January 2009.

foreclosure sign

Foreclosure services giant Lender Processing Services, a key player in the robo-signing mortgage mess, is being sued for securities fraud by a pension fund.

Ireland

The government's long-awaited austerity plan -- a prerequisite for Ireland to get an EU-IMF loan -- looks to claw back $20 billion using spending cuts and extra taxes.


Although retail prices for turkey have held steady, wholesale prices are hovering at around $1.09 per pound, a record high. Several factors are in play, but perhaps the biggest one comes from Washington, in the form of Federal Reserve monetary policy.

CEO sex scandals

CEOs are supposed to know when to say no. But when it comes to the temptation of having an adulterous affair, even some of the toughest-minded bosses just can't hold up a stop sign. Here are nine chief execs (all men) who made headlines for succumbing to the call of lust.

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Market Movers

SymbolLastChange / %Volume

Most Actives

C
CITIGROUP INC
4.17+0.07
+1.66%
304.12M
SPY
SPDR S&P 500 Trust
120.20+1.75
+1.48%
139.90M
BAC
BANK OF AMERICA CORPORATION
11.28+0.19
+1.71%
109.42M
IRE
IRELAND BK
1.58-0.12
-7.06%
78.95M

% Gainers

NPD
CHINA NEPSTAR CHAIN DRUGSTOR
3.88 +0.58
+17.58%
695,359.00
STV
CHINA DIGITAL TV HLDG CO LTD
9.00 +1.29
+16.73%
1.41M
BITA
BITAUTO HLDGS LTD
13.54 +1.50
+12.46%
962,219.00
TTM
TATA MTRS LTD
36.00 +3.50
+10.77%
5.16M

% Losers

SYSW
SYSWIN INC
6.20-0.80
-11.43%
6.76M
NCT
NEWCASTLE INVT CORP
5.45-0.50
-8.40%
2.44M
SOXS
Direxion Daily Semiconductor Bear 3X Shares
18.34-1.53
-7.70%
140,294.00
LHB
Direxion Daily Latin America Bear 3x Shares
19.85-1.56
-7.29%
19,129.00

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