You can now read 5 articles in a month for free on Read as much as you want anywhere and anytime for just 99¢.

Snapshot: A day of whiplash trading on the Street

Continue reading below

A seesaw start for stocks ended with a rally Friday, as traders decided that a healthy job market mattered more than the Fed scaling back its economic stimulus. After the government reported strong hiring for June, traders and investors struggled over how to react. At first, they pushed stocks higher because the news was better than expected. Then they drove stocks lower because improved hiring made it more likely the Fed could ease back on its bond buying. Relatively few shares changed hands Friday because many traders were still on vacation after the Fourth of July. Light volume may have contributed to the market’s early volatility.

Loading comments...
Want each day's news headlines delivered fresh to your
inbox every morning? Just connect with us
in one of the following ways:
Please enter a valid email will never post anything without asking.
Privacy Policy
Subscriber Log In

You have reached the limit of 5 free articles in a month

Stay informed with unlimited access to Boston’s trusted news source.

  • High-quality journalism from the region’s largest newsroom
  • Convenient access across all of your devices
  • Today’s Headlines daily newsletter
  • Subscriber-only access to exclusive offers, events, contests, eBooks, and more
  • Less than 25¢ a week
Marketing image of
Marketing image of