Independent, Fee-Only Financial Advisor

Independent, Fee-Only Financial Advisor

Thursday, August 02, 2007

Late surge

Earnings played a big part in Thursday's gain, which seemed to mirror Wednesday's late surge. In particular, the tech-heavy Nasdaq, which has been hit harder than the other major indexes in recent days, got a boost from Nokia. The cellphone maker's shares rose 8.8% after it said its second-quarter net profit more than doubled. Traders are anticipating Friday's release of nonfarm-payrolls data, a closely watched gauge of economic health, particularly amid the weakness in the housing market. If negative, it could serve as fuel to an unwanted fire. DJIA +100.96 Nasdaq +22.82 S&P 500 +6.39