Stocks take off on jobs report - Dow up 217

The employment numbers for July were just all right, but they gave investors a reason to buy into a market that continues to trend higher. The Dow finished at 13,096, snapping a four-day losing streak and its biggest gain in more than a month. Even Facebook shares rose 5.2 percent, to $21.09. The next big question is whether the Dow can break out of what's been a fairly narrow trading range (it's had a tough time staying over 13,000) and whether investors will be encouraged enough to spend more money.

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Mark Lacter
Mark Lacter created the LA Biz Observed blog in 2006. He posted until the day before his death on Nov. 13, 2013.
Mark Lacter, business writer and editor was 59
The multi-talented Mark Lacter
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