Sat 11 Jul 2009 | 10:31 EDT
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Jobs report lifts Wall St.

(01:18) Report

Jul. 3 - U.S. stocks rallied after a June cut in payrolls was not as deep as feared.

  • The unemployment rate held steady at 5.5 percent in June, according to the Labor Department.
  • Weekly jobless claims surged last week in a sign the labor market is weakening.
  • The ISM services sector index contracted in June. Conway Gittens reports from New York.SOUNDBITE: Ashraf Laidi, chief foreign exchange strategist, CMC Markets

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