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Stocks opened higher on Monday but the early gains began deteriorating into the close and by mid-Tuesday stocks were falling steadily into red territory. The sell-off continued through to the late trading hours of Wednesday where the bulls stepped back in to buy the dip. The buying continued and modest gains were posted Thursday.
The April jobs report was posted Friday morning reporting the U.S. economy added 223,000 jobs in April and unemployment is now at 5.4%. The report excited
Updated 05-09-2015 at 04:39 PM by TommyIV
U.S. Economy Added 223,000 Jobs in April; Unemployment Rate at 5.4%
Stocks opened lower on Thursday but for the first time in a few days we saw the bulls step up and buy the dip. The close wasn't all that impressive as investors kept their guard up heading into Friday morning's jobs report, but the Dow did hang onto an 82-point gain.
Stocks opened higher on Wednesday but it didn't take long for the bears to push the indices back down and into negative territory. They kept the pressure on for most of the day but there was some buying into the close and the Dow, which was down about 200-points at one point, ended the day down "just" 86.
Yesterday's "sinko" de mayo continued this market's recent choppy personality as we seem to be going back and forth and Tuesday was one of those back days with the Dow losing 142-points. It has been one or two steps forward, then one or two back. On the bright side, support continues to rise in the S&P and we haven't had more than two consecutive down days since March. So while it hasn't been overly bullish action,