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.

  #AAPL, #DIA, #DJIA, #employment, #market, #Neutral, #president, #QQQ, #rally, #SPY, #stock, #Trump, #unemployment, #VXX

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HEFFX has become one of Asia’s leading financial services companies with interests in Publishing, Private Equity, Capital Markets, Mining, Retail, Transport and Agriculture that span every continent of the world. Our clearing partners have unprecedented experience in Equities, Options, Forex and Commodities brokering, banking, physical metals dealing, floor brokering and trading.

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