Friends
Despite a relatively good non-farm payroll number (252,000 new jobs created and a 5.6% unemployment rate), stocks spent the trading session in negative territory, as events in Paris seemed to weigh on the market psyche. The negative component of the jobs report was that the participation rate continues to fall (those who have given up trying to find a job fall off the grid after a year), and wages remain stagnant.
As for the markets, the Dow Jones Industrial Average was down 170 points to close at 17,737. The S&P 500 was down 17 points to finish the day at 2044. Gold was up $12 to trade at $1220 per ounce, while oil was down $.46 to trade at $48.33 per barrel WTI.
This was a difficult week of news, specifically the horror that unfolded in France, but we try to let you know how markets traded, hopefully without sounding insensitive. Earnings season begins next week. After the roller coaster that was this week’s trading, we’ll see how markets play out next week.
Stay tuned, and after all the tragic news, hug a loved one this weekend.
Have a great weekend everyone.
