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Market Wrap for Friday, June 7: Stock Rebound Continues; Dow Climbs More Than 200 Points

A strong non-farm payrolls report for May helped spark another rally on Wall Street.After a steep sell-off on Wednesday, the major averages recorded strong gains on Thursday and Friday.Over the last 5 trading days, the S&P 500 is up a little less than 1 percent and it appears that the bull market in stocks is still intact heading into next week.Major AveragesThe Dow Jones Industrial Average rose almost 208 points, or 1.38 percent, to close at 15,248.The S&P 500 added around 21 points, or 1.28 percent, to 1,643.The Nasdaq climbed 45 points, or 1.32 percent, to 3,469.Non-farm PayrollsNon-farm payrolls rose by 175,000 jobs in May compared to 149,000 new jobs added in April. This came in above consensus estimates calling for 159,000 new jobs to be added in May.Private payrolls climbed by 178,000 last month compared to 157,000 in April. The consensus expected that 175,000 new private jobs would be added in May.Unemployment RateUnemployment rose slightly in May to 7.6 percent compared to 7.5...

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  1. Having a Key Business in a Recession

    Iron Mountain CEO , Bob Brennan explains why his company is resilient to an economic slowdown.

  2. Judges to Weigh Mortgage Document Destruction

    Federal bankruptcy judges in Delaware are due to hold separate hearings Monday on requests by two defunct subprime mortgage lenders to destroy thousands of boxes of ...

  3. Buffett sells Carmax, Republic, Home Depot stakes

    NEW YORK (Reuters) - Warren Buffett's Berkshire Hathaway <BRKa.N> no longer held stakes in used car retailer Carmax <KMX.N>, home improvement retailer Home Depot <HD...

  4. Iron Mountain Stock Slides on Weak Outlook

    Iron Mountain ( IRM ) traded in the red Tuesday after warning investors that total revenue over the next two years might be lower than expected.Fiscal 2010 revenue g...

  5. Having a Key Business in a Recession

    Iron Mountain CEO

  1. Services Sector Wrap

    While the S&P 500 grew 0.1%, the Services sector (IYC) showed little movement during trading today.Although it went in the opposite direction of the market today, th...

  2. WellPoint, Iron Mountain Incorporated Among Stocks Up on High Volume Wednesday

    There are a few stocks that are up on high volume today:WellPoint (NYSE:WLP) is experiencing a price increase on above-average volume today. 7.8 million shares have ...

  3. Iron Mountain Incorporated 2Q Earnings Pregame Scorecard

    Having met analysts' estimates last quarter, Iron Mountain Incorporated (NYSE:IRM) is expected to deliver its latest earnings on Thursday, July 26, 2012.Expectations...

  4. Services Sector Wrap

    The Services sector (IYC) showed little change during trading today while the S&P 500 rose 2.2%.Ulta Salon Cosmetics & Fragrance (NASDAQ:ULTA) rose 8.4% to close at ...

  5. Iron Mountain Incorporated , Ancestry.com Among Stocks Gapping Up Wednesday

    Here are stocks that gapped up today with opening prices significantly higher than the close on the previous trading day:Iron Mountain Incorporated (NYSE:IRM) gapped...

  6. Buying Stocks Based on Things You Like

    Ed Butowsky of Chapwood Investments argues you shouldn’t invest based on personal consumer likes.

  7. Iron Mountain Increases Quarterly Dividend by 33%

    The board of directors of Iron Mountain Inc. (NYSE:IRM), an information management company, announced a  33% increase in its quarterly cash dividend, to 25 cents a s...

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