Traders work at Bloomberg terminals on the floor of the New York Stock Exchange, May 13, 2013.
Stocks are now on a 4-day winning streak.
First, the scoreboard:
- Dow: 15,300.3 +75.6, +0.5 %
- S&P 500: 1,652.3, +11.8, +0.7%
- NASDAQ: 3,504.2, +19.4, +0.5%
And now, the top stories:
- Boy, was it quiet today. At least the stock markets extended their rally.
- The Bureau of Labor Statistics published its May Job Openings and Labor Turnover Survey (JOLTS). Job openings climbed by 2.7%, but hirings jumped by 3.3%. The number of quitters, a proxy for labor market sentiment, climbed by 1.6%.
- Shares of FedEx surged for no obvious reason. There was however a rumor circulating that hedge fund giant Bill Ackman was preparing to take a large stake in the company.
- Intuitive Surgical, the maker of robotic medical equipment, plunged 16% on after management warned Q2 revenue would come in at $575 million, which was far less than the $630 million expected. At lease four analysts downgraded the stock after the news.
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