The Dow Jones today is off to a hot start after the March jobs report showed the economy is in excellent shape.
According to the Department of Labor, the U.S. economy added 196,000 jobs last month. That figure topped economists’ expectations of 175,000 positions.
But stocks aren’t the only winners. Below we’ll break down how rising oil prices are creating a new opportunity for investors.
Here are the numbers from Thursday for the Dow, S&P 500, and Nasdaq:
Index Previous Close Point Change Percentage Change Dow Jones 26,457.51 +72.88 +0.3% S&P 500 2,879.39 +5.99 +0.2% Nasdaq 7,891.78 -3.77 -0.05%
Now, here’s a closer look at today’s Money Morning insight, the most important market events, and stocks to watch.
The Top Stock Market Stories for Friday This morning, a positive jobs report had investors smiling. However, even though the U.S. beat job creation expectations, wage growth numbers came in lower than economists’ expectations. Smart investors should ignore all the noise around the job numbers and instead focus on an investment strategy that could double or triple their money in the coming weeks.
Oil prices were flat on growing concerns about the global economy. Although concerns continue about Brexit, Chinese economic growth, and the threats of a 2020 recession, oil prices have likely found their floor for the time being. WTI crude is flat this morning at $62.10 per barrel, while Brent crude is sitting at $69.30. Money Morning Global Energy Strategist Dr. Kent Moors says that oil prices are about to rocket higher. And if you want to make real money, you need to do this now. On the trade front, U.S. President Donald Trump said yesterday that the United States and China have made “swift” progress on a deal between the two countries. Trump said that the two countries