Sandberg may have lost her billionaire status because of the stocks fall to 56 dollars. Fridays volatile session. Ended with the dow and nasdaq taking a triple digit tumbles the s p off by 24 earlier in the dow and s p had been at record highs. Gold added 19 dollar and oil 81 cents. Traders in part were reacting to the jobs numbers for march. 192thousand jobs were added to payrolls just shy of estimates. And the Unemployment Rate remained unchanged. What a great way to start the trading day with trader dan stecich of athena advisor services. Good morning dan. What a tech wreck on friday. What was behind that move in the nasdaq . Im not really concerned about why it came about. Theres a lot of reasons why people are saying it happened. I think the most primary reason out there is these markets have gotten very lofty. Theres some profit taking out there. Simply puttheres nothing more than that. How much of it though was maybe reaction to the jobs number . Thats an interesting one. On fri
Nearly paralyzed on which way to go. The dow fell a point the nasdaq up 18 and the s p by 4. Gold showed some strength up 17 dollars and oil gained 1. 03. Bank of america is changing its work rules. Following the death of an internreuters reports the rules involving days off for employees. And, United Airlines suffers a computer complication that left 1,500 flight grounded. Sources says it has to do with the Airlines Merger with continental. Phillip streible of rjo futures joins us now with what to expect from this trading day on this monday morning. Good morning to you phillip. Good morning to you. The market had a rather muted reaction to the jobs number on friday. Will we get any kind of reaction today . I think were gonna see the market start to move higher. I think that news is digested. A lot of people were scratching their heads all weekend. Thinking about how that number could come in at 74 thousand when most analysts were expecting 200 thousand. I think were gonna start to see
And oil edged up 52 cents. Spring surprise for jobs the latest jobs report shows 288thousand americans were added to payrolls and the Unemployment Rated dipped to 6. 3 and, warren buffets Berkshire Hathaway corportion had an earnings miss, the 6. 6 earnings drop is mostly blamed on berkshires stake in insurance companies. In trader talk this morning, Michael Gurka of Bruinhill Partners is here to tell us if the market will be off to the races. Good morning to you. Good morning. Stocks struggled following that jobs number. Whats going on here . Clearly the market was looking for some type of at least economic rebound off the payroll number from friday. It maybe wasnt as so surprising as far as this better than expected headline number that really no one believes anymoreor the fact that the Labor Participation rate continues to escalate. I think more importantly what were starting to see is this premise that there is that theres a built in premise to the economy right now that things are
Financial crisis. And on march 10th , 2009started the road to recovery. What a road its been. Friday, the s p reached another new record high, closing at 1878 as the jobs number came in better than expected with 175,000 jobs added. Unemployment at a slight uptick to 6. 7 . Also on friday the dow rallied 31 the nasdaq pushed back 16 points gold plunged 12 dollars and oil continued to creep up, rising 97 cents. Boeing is back in the headlines. The jet maker is inspecting the wings of 42 of its 787 dreamliners for hairline cracks. The wall street journal reports the issue may stem from changes in the manufacturing process by mitsubishi. It could cause delivery delays. Scott bauer of trading advantage joins us on this monday morning. Hello scott. Good morning. How are traders likely to view this market Anniversary Day . Its really any other day. You can look back and say 5 years ago the s ps were down ati dont even want to say that magical numberbut its really just another trading day righ
Tomorrow in las vegas, and the biggest, best, newest and coolest stuff in electronics will be on display. Google gets a break from the federal trade commission but not so fast in europe. The European Union is also investigating whether google hurt rivals by manipulating internet searches. The e. U. Says its probe continues. If found guilty, the search giant could be fined billions of dollars. And its an etf freeforall. Exchange traded funds are becoming the investors choice over mutual funds. Data for the first 11 months of last year show 10s of billions of dollars more were poured into the lowerfee funds. Nearly 120 billion was taken out of stock funds, while etfs total amount climbed to 154 billion. It was a banner week for the first week of the year. Is dan haugh of pti securities cashing in and heading to hawaii . Well, it seems that way. We certainly had a good week. The iwm, the russell 2000, went up 5 3 4 in a four day week. So that is a pretty good week last week. Were you a li