News Summary: Dow has best day in over a month

AP News
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Posted: Aug 03, 2012 4:57 PM
News Summary: Dow has best day in over a month

STOCKS UP: The Dow Jones industrial average shot up 217 points, making it the index's best day in over a month.

JOBS UP: Investors cheered the Labor Department's closely watched monthly jobs report, which showed U.S. employers added 163,000 jobs last month, far more than the 100,000 economists were expecting. From April through June, the economy added an average of just 73,000 jobs a month.

KNIGHT UP: Knight Capital leapt 57 percent after the company obtained an emergency credit line, according to news reports. The trading firm was responsible for stock market disruptions on Wednesday which will cost it $440 million. The stock had fallen 75 percent over the previous two days.