US Unemployment Lowest Since 2000, Market Rallies
$DIA, $SPY, $QQQ, $VXX
Friday, US President Donald Trump touted the nation’s low unemployment rating and hit out at the ongoing investigation into his campaign’s ties to Russia in a Tweet.
The unemployment rate fell to 3.9% for the 1st time since Y 2000, according to the Department of Labor.
JUST OUT: 3.9% Unemployment. 4% is Broken! In the meantime, WITCH HUNT!
— Donald J. Trump (@realDonaldTrump) May 4, 2018
President Trump has repeatedly referred to special counsel Robert Mueller’s investigation into Russian election interference and possible connections with the Trump campaign as a “witch hunt,” denying that he or his campaign colluded with Russia. And today the federal judge in the Manafort case aligned with the President
President Trump’s approval rating is now at 51%.
The Stock Market Rallied
US stocks rallied Friday following the publication of the monthly jobs report, with technology names leading the charge.
Apple (NASDAQ:AAPL) 183.83, +6.94, or 3.9% to all time highs
Friday, the major US stock market indexes finished at: DJIA +332.36 at 24262.51, NAS Comp +121.47 at 7209.62, S&P 500 +33.69 at 2663.42
Volume: Trade on the NYSE came in at 766-M/shares exchanged
- NAS Comp +4.4% YTD
- Russell 2000 +2.0% YTD
- S&P 500 -0.4% YTD
- DJIA -1.9% YTD
HeffX-LTN’s Market Indexes Technical Analysis for the week ended 5 May 2018
Have a terrific weekend.
Latest posts by Paul Ebeling (see all)
- Fed Will Keep Monetary “Accommodative” - November 16, 2019
- The Art of the American West on Offer in New York and Los Angeles - November 16, 2019
- The Timing of Breakfast Impacts the Body’s Responses to Exercise - November 16, 2019