The strong jobs report is just strong enough, says a cautiously optimistic U.S. stock market

That sound you heard Friday morning was Wall Street letting out one big sigh, and then a bigger second one.

The report also provided a brighter picture than ADP’s private-sector employment report from Wednesday which showed only 330,000 jobs added in July, hugely underwhelming the 653,000 forecast.

The Federal Reserve has made it clear that it wants to start the dreaded withdrawal of its monetary stimulus measures, including a tapering of its bond purchases, which has prompted investors to try to thread the needle by looking for economic growth that would still leave just enough weakness to keep interest rates low for a while longer.

That ‘nice but not too nice’ sentiment was echoed in U.S. Treasury yields, with the 10-year Treasury note yield jumping about 7 basis points to settle at 1.288% on Friday, leaving yields still at the low end of their range for the year.

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Strong jobs report sends most stocks, bond yields higherWall Street capped a choppy week of trading Friday with broad gains, which helped push the S&P 500 and Dow Jones Industrial Average to new highs.
Sumber: latimes - 🏆 11. / 82 Baca lebih lajut »

US employers added 943,000 jobs in July, signaling a strong labor marketThe US economy added 943,000 jobs in July and the unemployment rate fell to 5.4%, the Bureau of Labor Statistics reports. It was the biggest job gain since August last year. Quit having John Bolton on. He ignored known threats to our democracy so he could personally profit later on. Do not normalize traitors. RTErdogan freeFredLumbuye 0 to 60 nothing here yet ….🆘🇺🇸
Sumber: CNN - 🏆 4. / 95 Baca lebih lajut »