Thread: Market News

Good thing the market is closed today I guess with this dismal Jobs report. Perhaps the '3-day' weekend will 'soften' it's impact on Monday.

Originally Posted by weatherweenie

Big miss
US added 126K jobs in March, vs 245K expected, jobless rate stays at 5.5%

I consider that barely above flat. We need to add 100K per month just to stay constant with population growth. So we gained 26K. Better than losing jobs I suppose.

A Labor Chart For Labor Day: U.S. Has Gained 9.2 Million Jobs Since Recession's Lowest Point - Forbes
That article is 6 months old now but still relevant. We've created far more jobs in the recent years than we lost in the recession.

Originally Posted by Dutchy

SPX Futures closed at 915am at 2040, down big on horrible jobs report.
I would have thought (but what do I know??) that Markets would have taken news as sign FED rate hike would be
delayed further in 2015, but suppose poor Economic outlook overrides this ??
I'm hoping it is an overreaction, otherwise Monday will be ugly..

2040 is right there at the mid-march low. That looks like a good floor of support to rally from. I will probably be buying this weakness.

US 1Q GDP up 0.2% vs up 1.0% expected

Originally Posted by weatherweenie

US 1Q GDP up 0.2% vs up 1.0% expected

Pain, We're going to feel it today!

Fed: All calendar references removed

US private sector created 169,000 jobs in April vs. 200,000 estimate

Initial claims for state unemployment benefits rose 3,000 to a seasonally adjusted 265,000 for the week ended May 2, the Labor Department said on Thursday. Claims for the prior week were unrevised at 262,000, which was the lowest reading since April 2000.

US 1Q revised GDP contracted 0.7% vs. 0.8% drop expected

I didn't realize the expectation was so low.

Down in article, Marketwatch.com survey predicts 3.2 % growth in 2nd Quarter, now that seems optimistic !


U.S. GDP turns negative in first quarter, again - MarketWatch