Stocks close at all-time highs as Street shrugs off jobs report

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Pete
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Stocks close at all-time highs as Street shrugs off jobs report

Post by Pete » Fri Jun 02, 2017 10:31 pm

U.S. equities rose to record levels on Friday as Wall Street shrugged off a jobs report that came in well below expectations.

The Dow Jones industrial average closed about 60 points higher and reached its first intraday record since March 1 as well as its second straight record close. The S&P 500 and the Nasdaq composite also managed intraday and closing records.

"This was the closest thing to a nonresponse you're going to see," said Michael Shaoul, chairman and CEO of Marketfield Asset Management, referring to the market's reaction to the jobs report. "This isn't a report that warrants a strong response in financial markets and I don't think you're going to get one."

Marc Chaikin, CEO of Chaikin Analytics, said a pop in small-cap stocks helped the large-cap indexes rise on Friday. Small caps "have caught up in a big way.....................


http://www.cnbc.com/2017/06/02/us-stock ... oints.html
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Pete
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Post by Pete » Sun Jun 04, 2017 10:04 am

The traumatized hippies avoid this news
:guffaw: :sinking:
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