It was a good week for the stock market heading into the monthly jobs report though comments mid-week from Fed Chair Yellen again raised the possibility of a December rate hike. The other economic data for the week was mixed as while the manufacturing sector is still struggling the services sector looks strong. The surprisingly strong gain of 271,000 jobs blew away expectations as the consensus view was for a gain of around 180,000. Stocks declined initially in reaction to the data but closed mi...
It was a good week for the stock market heading into the monthly jobs report though comments mid-week from Fed Chair Yellen again raised the possibility of a December rate hike. The other economic data for the week was mixed as while the manufacturing sector is still struggling the services sector looks strong. The surprisingly strong gain of 271,000 jobs blew away expectations as the consensus view was for a gain of around 180,000. Stocks declined initially in reaction to the data but closed mi...
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