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Sep. 5, 2010 07:37 AM EDT

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Friday September 03, 2010 (04:30 PM EDT)
S&P Market Commentary

... Stocks closed smartly higher thanks to a better-than-expected jobs report, some short covering ahead of three-day weekend. GS shares up 5%+ on news it shutting its principal strategies biz. NYSE breadth 23-7 positive, NASDAQ breadth 19-6 positive as Aug. Nonfarm Payrolls fell 54,000, July revised to -54,000 from -131,000, Aug. unemployment rate rose to 9.6% from 9.5%, Aug. ISM Services Index fell to 51.5 from 54.3 in July. Next week, focus will be on Fed Beige Book on Wednesday, Obama's promises for new economic proposals. Treasuries off. Dollar index, gold, oil futures off.

03-Sep-2010 16:30:23 (15823601)   Copyright 2010 The McGraw-Hill Companies, Inc, Standard & Poor's, a division of The McGraw-Hill Companies, Inc., and their affiliates (collectively, "S&P"). Reproduction of this content in any form is prohibited except with the prior written permission of S&P.