The Dow Jones Industrial Average projected a small gain in pre-market hours as investors awaited the arrival of the November jobs report.
This morning, the Department of Labor said that U.S. unemployment remained at a 49-year low.
However, the U.S. economy created just 155,000 new jobs, a figure that was well short of the 198,000 expected by economists.
Here are the numbers from Thursday for the Dow, S&P 500, and Nasdaq:
Index Previous Close Point Change Percentage Change Dow Jones 24,947.67 -79.40 -0.32% S&P 500 2,695.95 -4.11 -0.15% Nasdaq 7,188.26 +29.83 +0.42%
Now here’s a closer look at today’s most important market events and stocks, plus Friday’s economic calendar.
Money Morning Insight of the Day
The 2018 midterm election was a turning point for the cannabis industry.
We expect nothing short of historic profits by the end of the year.
But not all pot stocks will hand you life-changing wins. In fact, often the companies making headlines are least likely to see the biggest gains.
These three stocks, on the other hand, are flying under the radar… for now. Each of them could see exponential stock price acceleration at any moment, and if you get in before that happens, you could turn a token stake into a lifetime of wealth.
I don’t know of any other sector providing anywhere near this level of growth now.
The Top Stock Market Stories for Friday The Wall Street Journal said this morning that the U.S. Federal Reserve might hold off on raising interest rates in December. Ahead of the Federal Open Market Committee’s final meeting of the year, reporters say that the Fed may take a “wait and see” approach to rate hikes. Markets have faced a wealth of turmoil this week as investors worry that higher rates