Stocks took a breather on Tuesday where neither the bulls nor the bears could make much headway, but some stiff overhead resistance held giving the bulls a reason to do a little profit taking. The Dow gained 14-points with most of that gain coming from a 7.7% pop in DuPont's stock price and a jump in oil related companies, while the broader major indices all suffered moderate losses.
Stocks completed a wild week with a wild day on Friday after the "disappointing" jobs report - or was it?
Stocks opened precipitously lower on Friday morning after the jobs report came up about 60,000 jobs short of expectations. Within minutes, the Dow was down 260-points and it looked like the rebound off the lows was in jeopardy.
Fast forward 6 hours and the Dow ended the day up 200-points.
September Jobs Report:
142,000 jobs added. Unemployment rate remains 5.1%.
More: U.S. Index Futures Erase Gains After Weaker-Than-Forecast Jobs - Bloomberg Business
It was another peculiar day on Thursday with the futures swinging wildly overnight, and the cash indices continuing that action the day, but overall the bulls were able to hold back the bears who made another attempt to put a hurt on the market.
The futures were up strongly, about 1% in overnight trading. But by the open those gains were muted and the indices were up only modestly. The bears pushed and the Dow was down over 200-points just after noon ET. The
S&P 500 (C fund)
||Dow Completion (S fund)
||EFA (I fund)
||Bonds (F fund)