Friends
Jim is out of the office this afternoon, but here are a few notes he wanted to share.
The ADP private payroll number was a robust 275,000 new jobs added. Friday’s forecast for non-farm payrolls is about 213,000 new jobs having been created in April.
Apples earnings were good enough to support the surge in shares off of last year’s bottom.
The Fed left the rates unchanged, but Jim will have more on that tomorrow.
As for the markets, for the day the Dow Jones Industrial Average was down 164 points to finish the day at 26,428. The S&P 500 was down 22 points to close at 2,923. Gold was down $8 to trade at $1,277 per ounce, while oil was down $.32 to trade at $63.59 per barrel WTI.
Have a nice evening everyone.
