AAR and Werner Shares Jump on Weaker US Payrolls Data
Shares of AAR and Werner experienced a significant surge in afternoon trading following the release of weaker-than-expected U.S. employment data. The Bureau of Labor Statistics reported that nonfarm payrolls increased by only 29,000 in September, a figure that fell substantially short of expectations.
S. employment data pushed Treasury yields lower and eased borrowing-cost pressure across the sector. The Bureau of Labor Statistics said nonfarm payrolls rose by 29000 in September, well below expectations.