The recent jobs report posts more jobs, but the recent unemployment average
moves higher. Mixed reactions are being processed on Wall Street on these
apparently contrasting reports. The positive jobs data though was enough for the
stock market to push higher to close out the last trading session in the U.S.
All three major index composites posted green values to close out the last day
of the week. The Nasdaq led the way that day with gains of .46 percent but the
Dow Jones Industrial Average was a close second. The Dow Jones finished Fridays
session in the green by .43 percent to close at 12,638.74. If trending this week
follows the same trend lines from last week, then this positive close would only
result in a drop come open market trading after Monday mornings open. This was
the pattern almost every day last week. Some analysts though believe the
positive jobs data that posted on Friday should be enough to keep the market
moving more consistently in a positive direction. The week will begin with
little by way of economic news. Index composite trend line movement should begin
where it left off, on a positive note. Earnings reports this day will stem from
Hecla Mining, Tyson Foods, Clean Energy Fuels and several others. Composites
will be influenced more by earning reports and world market news this day.
Author: Frank Matto
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