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At mid day the major market indexes were trending in the green and boasting solid gains after the government’s release of a better than anticipated report on the job market. The report showed an increase of 216,000 jobs in the month of March as well as a slip in the unemployment rate to 8.8%. Also on tap for Friday, April 1st was the release of the Institute for Supply Management’s manufacturing index. The index showed a reading of 61.2, falling just shy of the economist’s anticipated number set at 61.4. The Commerce Department’s report on construction spending showed a decrease of 1.4%, falling well below economist’s anticipated loss of 0.7%. Investors were also taking some time to review the latest offer for the NYSE Euronext. Germany’s Deutsche Boerse’s previous bid of $10 billion to purchase the parent company of the New York Stock Exchange was topped by 19% as Nasdaq OMX and Intercontinental Exchange (ICE) offered $11.3 billion to purchase NYSE Euronext. The buyouts are said to be part of a worldwide consolidation plan to help reduce transaction costs and increase opportunities. Approaching close the major market indexes are trending in the green. The Dow gained 48.02 points or 0.39% to 12367.75. The Nasdaq increased 3.33 points or 0.12% to 2784.72. The S&P 500 rose 5.55 points or 0.43% to 1331.51. The Treasuries 10-year yield is flat at 3.45%. Oil has climbed to new two year highs topping $108 a barrel today and are currently at $108.13. The U.S. Dollar lost 0.0026 to the Euro at $1.4228. Author: Pamela Frost
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