A big rally is underway after a surprisingly good jobs report. According to the government unemployment fell to 8.3% last month, the lowest in 3 years. That news sent the Dow to it's highest level since 2008. At around 1 this afternoon the Dow was up almost 1.2%, the Nasdaq was up 1.6% and the S&P 500 is up nearly 1.4%.
One company not participating in the rally - Estee Lauder (NYSE:EL) The big cosmetics company said earnings for it's current quarter would be lower than expected slowdown in sales overseas. Estee Lauder stock is down 3-1/4% so far today.
Aon (NYSE:AON) Corporation is also lower after posting a 20% increase in it 4th quarter profit. And also bucking the trend today is Research In Motion (RIMM). Those shares fell after Jeffries downgraded them. The analyst said the Blackberry company is delaying it's expansion plan.
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