Posted on 11/01/2019 3:03:18 PM PDT by Olog-hai
The S&P 500 and Nasdaq Composite closed at record highs on Friday after the October employment report blew past estimates.
The U.S. economy added 128,000 jobs last month, well ahead of the 89,000 that economists surveyed by Dow Jones were expecting. The unemployment rate ticked up to 3.6 percent as wages grew at a 3 percent year-over-year clip. The better-than-expected results came despite the pressure from a six-week General Motors strike.
Helping fuel the rally was improvement in the manufacturing sector. ISM Manufacturing reading rose 0.5 percentage points to 48.3 in October, but that was below the 48.9 that economists surveyed by Refinitiv were expecting. The report ended six straight months of declines.
The S&P 500 climbed 0.97 percent and the Nasdaq added 1.13 percent on their way to their best closes on record. Meanwhile, the Dow Jones Industrial Average jumped 301 points, or 1.11 percent, but finished about two points below its own record close. …
(Excerpt) Read more at foxbusiness.com ...
“Fake News:” Robert Francis drops out, stock SURGE!
The soros’ of the world will soon join forces to collude for the mother of all economic sabotage by this coming summer. They will not care how many families are damaged or even how much of their fortunes must be sacraficed to take out orange man, who is bad
What happened to the fake news recession?
Bill Maher said it would be worth it if we had a recession and hundreds of thousands of people (not he or his Hollywood friends, of course) lost their jobs.
So anyone getting tired of winning?
The jobs report was great because
It is harder to find the right employees in an economy this hot...
It is not like June when high school and college people enter the work force
where I live if you want a job it is out there
Cramer's nutty equating of Psychojawea and Teddy Roosevelt a few weeks back isn't evidence of knowing a darned thing, but in this snip (CNBC on YouTube) he really kicks butt while making sense -- stocks are cheap, get out of cannibis stocks (no earnings, no CEO), jobs/employment is boomin', more.
Thanks Olog-hai.
Jim Cramer says investors should view Thursday's market pullback 'as a gift'
He was wrong about Stark Industries too.
Iron Man's?
Yes; Cramer played himself in the first Iron Man movie. Advised stockholders to “sell, sell, sell” upon the news that Stark Industries would get out of the military weapons business. (Unusual for someone at MSDNC, right?)
Liberals are sad about this news...
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.
