|Day's range||27,839.68 - 28,035.85|
|52-week range||21,712.53 - 28,174.97|
The lights have been green for the baby boomers all their lives. They were born just after World War II, between 1946 and 1964, and raised during the biggest, most sustained economic boom in human history.
The dollar rose and global equity markets jumped on Friday after data showed U.S. job growth increased by the most in 10 months in November, putting to rest recession fears and briefly taking the spotlight off contentious U.S.-China trade talks. U.S. Treasury yields rose, while gold slipped more than 1%, reflecting a rebound in investor appetite for risk as U.S. unemployment dipped to 3.5%, the lowest in nearly half a century. Stocks on Wall Street neared record highs, with the benchmark S&P 500 closing within 0.24% of its peak set nine days ago.
Wall Street ended solidly higher on Friday as a strong jobs report and optimism about U.S.-China trade negotiations ahead of an upcoming deadline helped stoke investor risk appetite. The Dow and the Nasdaq ended the session down from last Friday's close. "This type of report shows underlying economic strength, and it gives corporate management confidence in the strength of the economy," said Tim Ghriskey, chief investment strategist at Inverness Counsel in New York.
Investing.com – U.S. stocks shed trade and political worries Friday to surge to their highest levels since the end of November.
Investing.com – Stocks on Wall Street surged Friday but were slightly off their highs after the Labor Department reported a larger-than-expected gain on nonfarm payrolls and a decline in the jobless rate.
Based on the early price action and the current price at 27879, the direction of the December E-mini Dow Jones Industrial Average the rest of the session on Friday is likely to be determined by trader reaction to the short-term Fibonacci level at 27859.
The U.S. market surged in early trading after a blowout labor report. Activity may have slowed but labor markets and consumer health remain strong.
The week started with the Dow Jones Industrial Average plunging 268 points. The S&P; 500 Index dropped 0.86% and the NASDAQ Composite pulled back 1.12%. Traders returned from the holiday-shortened week, kicking off December with a sell-off that was fueled by a combination of weak economic data and trade worries.
Traders are saying the markets could whip back and forth until we see what happens on December 15th to get some sort of clarity in terms of how to move forward in the near term.
Confidence is soaring among small business owners. But one group of small business owners is becoming more pessimistic about America’s economy — small business manufacturers.
The dollar slid and global equity markets faltered on Thursday as investors dismissed solid economic data and again fretted about the likelihood of a "phase one" trade deal before a new round of U.S. tariffs on Chinese imports begins in 10 days. U.S. Treasury yields rose on reports indicating a resilient economy, including a fall in weekly jobless claims and a decline in the U.S. trade deficit, which suggested trade could contribute to growth in the fourth quarter.
Investing.com – Stocks were holding onto small gains Thursday afternoon after climbing back from early losses a day before Labor Department's monthly report on payroll employment and unemployment.
Rebound continues as hope for the Phase 1 trade deal lingers. China is silent on progress but confirms talks continue.
Investing.com – Wall Street was flat on Thursday as upbeat jobs data and optimism over trade failed to make any material impact.