US markets of Friday: NFP initial loss, but got better

Discussion in 'Stock Market Forum' started by WaveWage, Oct 3, 2015.

  1. WaveWage

    WaveWage Well-Known Member

    Sep 2015
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    It feels like the decrease between the expectation of ~200,000 just made few days by analysts before the publication, and the real +142,000 non-farm jobs according to the real report of the Department of Labor made the investors unhappy. Take the Dow Jones, opening at 16,272 pts, and then down to 16,033.67 pts just after the opening, because of that NFP initial report, made and published at 8:30 AM EDT. But, after it got better, because of some rising oil prices that boosted the shares of energy and materials businesses. The weekly data showed the drilling oil & gas in U.S. is down to a 5-year low.

    Now, about the numbers, Dow Jones got +1.23% and +200.36 pts, meanwhile S&P 500 got +1.43% or +27.54 pts and NASDAQ who did +1.74% or +80.69 pts. The charts for the three indexes feels like the same, with a decrease at the opening and a rising trend for the whole day.

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