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Jobs growth soars in November as payrolls surge by 266,000

hank
edited December 2019 in Off-Topic
Well ... Just when it appeared the stock market was ready to take a breather, these red-hot jobs numbers come out and its “off to the races.” Caution always when it comes to one-month reports or one-day market moves. That said, here’s some of today’s numbers from shortly before 12:00 noon EST:

- Dow +1.2%

- S&P + 1.0%

- NASDAQ + 1.0%

- Gold reversed dramatically this morning, dropping off a cliff after the numbers came out. Currently down over $15 at $1,460 following several strong days for both metal and miners. (Gold tends to surge when negative news comes out in anticipation of further Fed easing.)

- Interest rates rose. The 10-year Treasury is at 1.83%

- Oil is up over 1%. Brent is nearing $65 after several decent days.

- Nat Gas continues to languish near multi-year lows at under $2.50


Article on jobs report: https://www.cnbc.com/2019/12/06/us-nonfarm-payrolls-november-2019.html

Comments

  • CrashCrash
    ....Thanks, Hank... And no one has scolded you yet, for short-term thinking. Why is THAT, I wonder? ;)
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