October 5, 2015
The Markets Closed Higher on Friday, Despite the Weak Jobs Report
What a way to end the week! Even a lackluster September jobs report couldn’t hold the markets down for very long, as all the major averages rallied more than 1% Friday.
The Dow, S&P 500 and Nasdaq all managed to swing into positive territory this week, snapping a two-week losing streak. The Dow moved more than 425 points from the high to low. This was its largest intraday swing in three weeks.
Nine out of the 10 S&P 500 sectors closed in the green Friday. Unfortunately, financials was the big laggard on rate-hike expectations, while energy and materials were the big winners for the day and the week.
You’ll want to tune in all next week. Monday we’ll get the ISM number, Wednesday we’ll get the latest read on mortgage applications, and Thursday–big day–we’ll get the minutes from the last FOMC meeting. The question on everyone’s mind: Will they or won’t they?
We’ll also have some earnings. Tuesday we’ll hear from Pepsi (PEP) and Yum Brands (YUM). Wednesday we’ll get numbers from Constellation Brands (STZ). And finally on Thursday, we have Alcoa (AA) after the bell.
You never know how the markets will impact your money. We will bring you all the latest market breaking news every day at 3 p.m. Eastern on FOX Business.
Liz Claman anchors Countdown to the Closing Bell which is presented from 3-4pm EST as well as co-anchors After the Bell from 4-5pm EST. Click here for more information on Liz Claman.