Markets Rally on Stimulus Package Hopes

200 to the good for the Dow in mid day trading has equities on a continued Bull run as regularly rough unemployment metrics are being used by traders to cash in, in the hopes the dire data will bring the US government around to passing, and passing quickly a massive stimulus package aimed at helping America get off the economic doormat.

The United States, according to latest figures lost 598000 jobs in January, raising unemployment to 7.6%, the highest level in 16 years. Normally, this news would spur further doomsday economic chatter but with the proposed $800Billion plus stimulus bill on the table in American parliament the talk turns to anticipation that lawmakers will act swiftly on resolution.

All the majors in America (Nasdaq, Dow Jones and the S&P) were up around 2% at the time of writing.