This Article Is ABout Strong Jobs Numbers Sends Dow Jones To Record Territory
Strong Jobs Numbers Sends Dow Jones To Record Territory on Friday.
- The Dow Jones Industrial Averages spiked over 300 points with news of better than expected job numbers data
- Strong Jobs Numbers Sends Dow Jones To Record Territory due to higher than expected numbers
- The Dow Jones Industrial Averages have been climbing for the sixth straight week
- This has been the longest winning streak since November 2017
- The Strong Jobs Numbers than expected sent relief to many experts who thought the economy was weakening including the Federal Reserve Board
In this article, we will cover and discuss Strong Jobs Numbers and where the economy is headed, especially the housing market.
Strong Jobs Numbers And Data Released On Friday
The U.S. economy added 304,000 jobs in January 2019.
Earnings for all major companies this year are expected to exceed expectations. More than 45% of S and P 500 has released earnings report this season. Of the 45% of the S & P 500 Companies that released earnings reports, over 70% have surpassed analysts’ predictions.
Concerns Of Trade Wars And Trump’s Tariffs
Wall Street had major concerns with the China-US Tariff Wars and trade talks earlier this year.
- However, with solid economic numbers like the 3.5% unemployment reports and record job numbers, it seems the trade talks are less of a concern with a weakening economy
- Unemployment numbers released a few weeks ago marks the lowest unemployment number in 50 years
- Both China and U.S. negotiating teams seem to have made great progress
The President plans on meeting Chinese President Xi Jinping to finalize a comprehensive deal in the coming weeks.
What Experts Are Saying
The housing market remains solid and strong. Mortgage rates are at a three-year low and housing analysts are confident it will drop further. There are more demand for housing than there is inventory. Plus, more and more alternative financing program have hit the market such as Non-QM loans and bank statement loans for self-employed borrowers.
November 4, 2019 - 2 min read