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Strength of the Market
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The Strength of the Market is: Strong

The Strength of the Market is: Strong

 

Last week, U.S. jobs numbers were weak and the unemployment rate rose to 4.3%. Investors are beginning to worry about a slowing economy, even as expectations for a Federal Reserve interest rate cut are being solidified. For the week, the S&P 500 rose 0.33% and the Nasdaq gained 1.14%, however, the Dow Jones lost 0.32%. The stock market touched new record highs on Friday morning before closing slightly lower.

 

Economic reports from last week came back mostly negative:

•Construction Spending - lower than expectation

•Job Openings - lower than expectation

•Employment (Private) - lower than expectation

•Employment (Total) - lower than expectation

•Jobless Claims - higher than expectation

 

This week, investors will look for guidance from economic reports like Consumer Credit, Small Business Optimism, Inflation, Consumer Sentiment and Jobless Claims.

 
 
 

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