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Jobs figure jolts stock markets, dollar higher

09 August 2017

Global stock markets rose to record levels today as the Dow Jones Industrial average clocked its ninth straight day of all-time highs.

Nearly nothing happened today, but nothing hasn't been enough to keep the S&P 500 and Dow Jones Industrial Average from hitting news all-time highs.

The Nasdaq Composite was up 25.69 points, or 0.4 percent, at 6,377.25.

Avis Budget Group fell 7.94 percent as the auto rental company cut its full-year profit view.

Banks and technology stocks were among the big gainers Tuesday, offsetting losses among health care and consumer-focused companies.

Wal-Mart shares were up nearly 1 percent. Strangely, this is not the longest streak of new highs this year-nor have such streaks been a bad sign for the market.

SeaWorld Entertainment plunged as much as 18.44 percent to a record low after the theme park company's quarterly revenue missed expectations. Henry Schein lost 5.1 percent and Microsoft lost 0.6 percent.

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Aviation electronics company Rockwell Collins climbed 3.7 percent after Reuters reported that rival United Technologies made an offer to buy it.

Tesla edged up 0.26 percent after the electric auto maker said it plans to raise about $1.5 billion in a bond offering.

The Standard & Poor's 500 index rose 1 point, or 0.1 percent, to 2,478.

Meanwhile, investors will continue to closely track the second-quarter earnings season to see if pricey valuations are justified. Tyson Foods gained 4.8 percent as its forecasts pleased investors.

The Dow Jones industrial average lost 39 points, or 0.2 percent, to 22,079.

According to data from FactSet last week, earnings in the second quarter grew 10.1 per cent for the S&P 500, higher than the estimated earnings growth rate of 6.4 per cent.

Jobs figure jolts stock markets, dollar higher