The jobs report showed the U.S. economy created 146,000 new jobs with the unemployment rate sliding down to 7.7 percent. Better than economists had expected. Unemployment is at it’s lowest level in 4 years.
The Dow closed up 39.55 (+0.30%) at 13,074.04 yesterday and is set to open higher this Friday morning.
Bank of America (BAC), by far the strongest stock in the Dow 30, is at a new 52 week high today. There are no Dow stocks at 52 week lows.
European markets are lower and Asian markets ended mixed.
The national average price of gasoline is down eight-tenths of a cent to $3.371 per gallon.
Earnings reports (estimates): FIZZ-National Beverage (n/a), KMG-KMG Chemicals (0.31).
0830 ET Nov non-farm payrolls expected +87,000, Oct +171,000. Nov private payrolls expected +93,000, Oct +184,000. Nov manufacturing payrolls expected -3,000, Oct +13,000. Nov unemployment rate expected unchanged at 7.9%, Oct +0.1 to 7.9%.
0830 ET Nov average hourly earnings all-employees expected +0.2% m/m and +1.7% y/y, Oct unch m/m and +1.6% y/y. Nov average weekly hours all-employees expected 34.4 hours, Oct 34.4 hours.
0955 ET Early-Dec U.S. consumer confidence (University of Michigan) expected -0.7 to 82.0, Nov +0.1 to 82.7.
1500 ET Oct consumer credit expected +$10.0 bln, Sep +$11.365 bln.