Dell Inc chief executive officer Kevin Rollins said yesterday the world's biggest personal computer maker has increased payrolls wherever it operates in the world, and dismissed concerns over the outsourcing of US jobs.
US stock indexes closed at their lowest levels of the year on Friday after a dismal July jobs report fuelled concerns the US economic recovery could be losing steam and crude oil hit another 21-year high.
Stocks fell on Friday after oil prices climbed to a record over US$53 a barrel and weaker-than-expected US job growth in September raised concerns about the economy's strength with less than a month to go before the presidential election.
US stocks extended their post-election rally for a third session on Friday, with the Dow striking a four-month high after a government report showed strong jobs growth last month, boosting hopes that the economic recovery is taking hold.
US stocks ended the first week of 2005 lower on Friday as widely watched jobs data failed to excite investors by coming in close to expectations, but a strong showing by Apple Computer Inc helped limit losses on the Nasdaq.