Dow Reaction To Jobs Numbers

Dow Close Friday December 5th

  • -401+

    Votes: 9 17.3%
  • -201-400

    Votes: 12 23.1%
  • -51-200

    Votes: 3 5.8%
  • +/- 50

    Votes: 4 7.7%
  • +51-200

    Votes: 5 9.6%
  • +201-400

    Votes: 5 9.6%
  • +401+

    Votes: 14 26.9%

  • Total voters
    52
Quote from stock_trad3r:

the market almost never sells off on econ data. The last time there was heavy selling on job loss was way back in 2007 when the unemployment rate went to 6.1%. bad numbers are already priced in so market will most likely surge 250 or more points easily. As usual, most those gains will be made in the final 30 minutes.

Yup as I said market rarely sells off on econ data because most of the time it is either benign or priced in. Today is no different.
 
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