JOLTS (job opening data) had a massive surprise, three standard deviations below consensus estimates, the driving job openings to unemployed workers ratio back to pre-pandemic levels.
Dow Jones, S&P 500, and Nasdaq continue to trade in a bull market despite weaker than expected job report
Dow Jones, S&P 500, and Nasdaq continue to trade in a bull market despite weaker than expected job report
May 9, 2021
For the week, the Dow Jones advanced 2.67%, the S&P 500 1.23%, while the Nasdaq shed -1.51%
The U.S. reported a weaker than expected job report
Dow Jones, S&P 500, and Nasdaq continue to trade in a bull market
The U.S. stock market ended higher on Friday, and Wall Street’s three main indexes advanced despite a weaker than expected job report. The U.S. released on Friday Nonfarm Payrolls report, which showed that the country added just 266K jobs in April.