U.S. jobs data was in the spotlight this morning, but in contrast to yesterday’s report, nonfarm payrolls painted a rather grim picture of the sluggish labor market. The news only exacerbated the growing list of concerns investors have of the already unsteady global economy. The combination of blaring red flags and poor economic indicators put major pressure on U.S. stocks this morning, sending them rather deep into red territory. As markets continue to be bombarded with less than cheery data, investors will likely keep a close and cautious eye on a number of economic reports slated to come out next week [see also 101 ETF Lessons Every Financial Advisor Should Learn]. This morning’s jobs report showed nonfarm payrolls growth improvement of 80,000 in the month of June, significantly lower than economists’ expectations of a 100,000 increase. Despite the unexpected change, the unemployment rate remained unchanged at 8.2% [see also July Edition [...] Click here to read the original article on ETFdb.com. Related Posts: ETF Insider: Be Mindful Of Profit Taking ETF Insider: Data Back In Focus As Stimulus Hopes Fade Thursday’s ETF Chart To Watch: DB USD Index Bullish (UUP) ETF Insider: Buy On The Dip With Caution 5 ETF Plays For Doomsday Predictions
U.S. jobs data was in the spotlight this morning, but in contrast to yesterday’s report, nonfarm payrolls painted a rather grim picture of the sluggish labor market. The news only exacerbated the growing list of concerns investors have of the already unsteady global economy. The combination of blaring red flags and poor economic indicators put major pressure on U.S. stocks this morning, sending them rather deep into red territory. As markets continue to be bombarded with less than cheery data, investors will likely keep a close and cautious eye on a number of economic reports slated to come out next week [see also 101 ETF Lessons Every Financial Advisor Should Learn]. This morning’s jobs report showed nonfarm payrolls growth improvement of 80,000 in the month of June, significantly lower than economists’ expectations of a 100,000 increase. Despite the unexpected change, the unemployment rate remained unchanged at 8.2% [see also July Edition [...]
Click here to read the original article on ETFdb.com.
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