Financial Review

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JOLT new jobs, small biz optimism, computerized trading is the winner, solar under-performs coal, earnings news, Google battles Oracle, Amazon battles YouTube, Facebook battles Fox; beam me up to the next available planet. Financial Review by Sinclair Noe for 05-10-2016   DOW + 222 = 17,928 SPX + 25 = 2084 NAS + 59 = 4809 10 Y un = 1.76% OIL + 1.22 = 44.66 GOLD + 1.90 = 1266.30   The price of oil matched a six-month high, and companies that drill for oil and refine it also rose. All 10 industrial sectors of the Standard & Poor’s 500-stock index finished higher.   The number of available jobs rose to an eight-month high in March. The Labor Department said 5.76 million jobs were created in March, up from 5.61 million in February. The quits rate — a measure of worker willingness to leave one job for another — stayed at 2.1% in March. The quits rate staying the same shows there’s little evidence of meaningful wage pressure. The Job Opening and Labor Turnover Summary shows the number of job openings are up 11% year-over-year compared to March 2015. A measure of small-business sentiment rose in April, snapping a three-month losing streak that took it to a two-year low. The National Federation of Independent Business’s optimism index rose 1 point to 93.6, slightly better than the 93.1 forecast by economists. Most of the index’s sub-gauges rose or stayed neutral. Only one, the index that tracks views about the future path of the ...
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Financial ReviewBy Sinclair Noe