This ARTICLE Is About Stock Market Spikes On News Of Record Job Numbers
Ever since President Donald Trump took office, the economy has been booming.
- The country is setting higher record numbers on all economic data
- The Dow Jones Industrial Averages have been breaking all-time high records every day for the past couple of weeks
- Unemployment numbers are the lowest since 1969
- There are more jobs available than qualified available workers
- Inflation is almost non-existent
- Interest rates and mortgage rates are at near-record lows
- The housing market is on fire with no sign of a correction
- Homebuilders are enjoying record earnings year after year
- More renters are buying homes than ever before
- Mortgage companies brought back subprime loans with a different terminology called Non-QM Loans
- President Trump signed a bill that eliminates maximum loan limits on VA Loans
- The success of the Trump Administration is driving Democrats nuts
- Many Democrats said they are hoping for a Recession
- A recession and/or impeachment of President Trump is the only chance the Democrats have a chance of getting a chance in the 2020 elections
- On Friday, November 2nd, 2019, the Stock Market Spikes on news of record job numbers
- The Dow Jones Industrials have set another record high
- So have all other market indices
In this article, we will cover and discuss Stock Market Spikes due to record job numbers.
Stock Market Spikes On News Of Record Job Numbers And Continued Optimism
All major indices in the stock market hit record levels on the news of record job numbers. The Dow Jones Industrial Averages, S & P 500, and the Nasdaq all closed Friday at record levels with the news of record job numbers.
In this article, we will cover and discuss Stock Market Spikes On News Of Record Job Numbers as well as what this means to the housing and mortgage markets.
Analyzing Data Released On Friday
The job reports on Friday resulted in the S & P Index to go up by 1.0 % to 3a record high to 3,067. The news spiked the Nasdaq which spiked 1.1% to a historical high of 8,386. The Dow Jones Industrial Average rose over 300 points, again setting another historical high record.
A few days before the jobs report, the U.S. Department of Commerce issued numbers that reflected a slowdown in the economy from July to September. The Feds also announced this week that they cut interest rates by 25 basis points in fear of a slowing economy. The interest rate cut by the Feds was the third cut this year. Besides the slowing economy, the Federal Reserve Board was concerned with the trade war with China and a way to boost the economy and try to avoid a recession.
There more jobs in the marketplace than workers. It is getting harder and harder for employers to find qualified workers. Wages are expected to increase if the unemployment rate goes down further in the coming months.
November 2, 2019 - 3 min read