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Stocks opened higher on Monday and sustained the gains throughout the trading day closing near the highs. The Dow gained 242-points and the broader indices saw similar advances of about 1.3% or more.
TSP Talk Sentiment Survey results for the week of 08/10/15 - 08/14/15
The TSP Talk Sentiment Survey came in at 37% bulls, 45% bears.
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The losing ways continued for stocks on Friday as the Dow shed another 46-points. The jobs report came in line with estimates and that didn't seem to be enough for investors - just another excuse to sell. But there was some buying during afternoon trading and the close wasn't all that bad considering the red numbers.
Stocks were down this first week of the new month of August which is known to have poor seasonal record. Troubles abroad and within our own economy didn't help traders look past this statistical stigma. Abroad we saw Greece stocks open down 30% Monday stirring up some early anxiety. We've also seen some poor action from Apple's stock lately which has a rippling effect through the indices.
No surprises in the July jobs report on Friday with the numbers in line with estimates but that
Payrolls in U.S. Increased 215,000 in July in Broad-based Gain
215,000 jobs added. Unemployment rate 3.3%.
Payrolls in U.S. Increased 215,000 in July in Broad-based Gain - Bloomberg Business