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Inventories are on the way. Our road map begins with the election six days away. Polls show pretty much a dead heat. Hundreds of economists including Prize Winners urging voters not to vote for trump in an open letter. Alibaba shares are on the rise this morning, the Worlds Largest retailer showing strength and cloud and in mobile. And big beat for time warner, company also raising full year forecast as it gets ready for that merger with at t. Call is wrapping up and well get you headlines on that. But first up, futures are moving lower a day after the s p extends its losing streak to six. Data from adp shows private sector added 147,000 jobs last month, that is below expectations. Meantime, the feds latest Interest Rate decision and policy statement 2 00 p. M. Eastern time. And of course six days until the election, jim, ....
This is a snapshot of where we stand now, the dow up by 49 points. The s p 500 up by. 3 . The nasdaq is the least of the gainers, up by. 1 . Let me show you what is happening in terms of volume. For most of the industry sectors, volume is lower against the 20day moving average. Anything below the flat line againstnegative volume the 20day moving average. We can see materials is the biggest fall. Energy, on the flip side, is the highest in terms of 20day volume. The only other positive is industrials. Lets also switch over to what imapppening in the function. 10ing a look at the s ps sectors, fairly broad rally. Energy, telecom, Information Technology of the most. Materials down the most, only. 2 , but that is on falling commodity prices. Consumer discretionary and health care down similarly. Take a look at what is happening with energy. The Biggest Energy risers. This ....
Steady at 4. 9 . Most of those gains coming from the private sector with 217,000 added. Revisions also up for the last two months. A net gain there of 18,000 jobs. Lets give you a look at futures and see how the markets are reacting and you see all up and rather sharply at this point. Jim, it was a good number by most ways to measure it, i would argue. Im curious to what your thoughts are. 75,000 more than expected, lets call it above at least the consensus, somewhere around 180,000. Even the participation went up slightly and were averaging 190,000 jobs over the last three months, and i believe the sixmonth average is roughly the same. Look, sometimes you get these numbers, when theyre bad you say it. You say geez, that economy is not that strong. Thats the judgment. When theyre good, you have to reach the opposite and say the economy is a little stronger than we expected. Juxtapose that with the gdp number we got. Well, i dont know. This is a number that says the consumer could be go ....
Make deutsche makes news. Tenyear back is almost to 1. 7. Oil holding on to that surprising reversal from yesterday. Jack Dorsey Square up double digits on news that visa took a 10 stake in the company. Aig is on the rise after announcing a 14 dividend increase, most importantly carl icahn representative getting a seat on the board and john paulson also taking a board see the. And another heated democratic debate last night with Bernie Sanders again taking aim at wall street. Well bring you some highlights. And global banks getting slammed. Whats behind the selloff and why . Some names are starting to rebound this morning. Futures extending their gains after data showed january retail sales rose a better than expected 0. 2. A rally in oil prices helping to increase positive sentiment. Yesterday at an Investor Conference< ....