Breaking News STOCK MARKET SPIKES ON NEWS OF RECORD JOB NUMBER

Stock Market Spikes On News Of Record Job Numbers

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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.

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 OptimismWhat are 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 FridayWhat is 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.

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