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Richard's Thoughts on Investing

Daily Recap

After a rough start to the day stocks traded mostly higher in the U.S., ending near their highs for the day. The Industrials rose 80 points while the Transports rose nearly 1%. The Nasdaq rose 0.4% and the S&P 500 was up 0.3%. Breadth on the day was positive by roughly 2 to 1.

 

On the commodities side, gold edged higher, tacking on nearly $15 per ounce. Silver followed suit, up 15 cents. Oil was stable, rising about three-quarters of a percent, with light crude hovering near $45/barrel.

 

The monthly jobs report came out today, showing 160,000 jobs were added to the economy in April. This was below expectations and may have played a role in today's move by signaling interest rate hikes could be less likely in the immediate future.

 

Average hourly pay rose 2.5% over the past year. Other positive signs include job layoffs at 40-year lows and job openings near record highs. However, ... Log in or subscribe to continue reading.


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