STOCKS FLOP AFTER BAD JOBS NEWS: Here's What You Need To Know (DIA, SPY, QQQ, GLD, BBY)
Source: www.businessinsider.com - Friday, July 06, 2012
It was jobs day in America. First the scoreboard: Dow: 12,783, -113.1, -1.0% S&P 500: 1,355, -11.4, -0.9 % NASDAQ: 2,938, -40.0, -1.3% And now the top stories: The jobs report disappointed America for the third month in a row. According to the Bureau of Labor Statistics, U.S. companies added just 80k net new jobs , which was short of the 100k expected by economists. This was largely due to private payrolls grew by just 84k; economist were looking for an increase of 106k. The unemployment rate was unchanged at 8.2 percent. SEE ALSO: The Most Unemployed City In Every State > Any way you look at it, the number was a decline and a decline is bad . However, some where strangely hoping for an even worse number, which would motivate the Federal Reserve to introduce some new easy monetary policy to stimulate the economy. Morgan Stanley's David Greenlaw , who was live-tweeting the report, acknowledged the weak jobs number, while arguing that we were unlikely to see easing in the form of quantitative easing any time soon. The drop in gold prices would confirm such sentiment. SEE ALSO: The Most Employed City In Every State > And despite what many say, the jobs report wasn't a complete disaster. The healthcare sector saw a big jump in employment. Previous jobs data was revised upward, and hourly earnings were better than expected. Excluding seasonal adjustments , jobs are actually up by a decent amount. SEE ALSO: Here's What The WoWimbledon Live Blog: Murray vs. Tsonga
Source: blogs.wsj.com - Friday, July 06, 2012
Courtside commentary on the second Wimbledon semifinal between Jo-Wilfried Tsonga and Andy Murray, the Wimbledon crowd favorite. Murray won the first set.
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