TSP Talk Blog

The jobs report on Friday came in with a hefty 261,000 jobs being added in October, but that was quite a bit below analyst expectations and stocks initially moved lower, but that didn't deter the bulls who have been relentless in their effort to buy any and all dips over the last few months. The Dow ended the day up a slight 23-points, or 0.1%, but the broader S&P 500, and particularly the big tech heavy Nasdaq, saw more meaningful gains.

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261K jobs added in Oct. on rebound in hurricane zones

https://www.usatoday.com/story/money...nes/827666001/

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The bears tried to put some pressure on when the market opened on Thursday but pesky dip buyers were right there to put them back in their place again. The Dow gained a healthy 81-points and closed at a new record, but for the most part the late rally took the major indices to about break-even on the day.
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The market showed a little volatility, as we might expect on an FOMC meeting day, but most of the movement came before the policy statement was announced. We saw some larger early gains evaporate by early afternoon, but stocks tried to battle back and closed with mixed results again. The gained 58-points, but that was off the 140-point gain it had near the open.
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Stocks were up for the most part yesterday with varying degrees of results as the Dow added 29-points or 0.12%, and the S&P saw a similar percentage gain. The Nasdaq had a big day, as did small caps, which recouped Monday's losses. The Transports continue to lag and we're watching a similar pattern on the S&P being created right now.
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