The Dow briefly crossed the 29,000 mark, but ended the day lower following a disappointing jobs report..

| FRI, JAN 10, 2020 | | | | DOW | | NAME | LAST | CHG | %CHG | | AAPL | 310.33 | +0.70 | +0.23% | | MSFT | 161.34 | -0.75 | -0.46% | | PFE | 39.49 | +0.60 | +1.54% | |
| | S&P 500 | | NAME | LAST | CHG | %CHG | | GE | 11.67 | -0.24 | -2.02% | | AMD | 48.16 | -0.81 | -1.64% | | F | 9.25 | -0.01 | -0.11% | | | | NASDAQ | | NAME | LAST | CHG | %CHG | | AMD | 48.16 | -0.81 | -1.64% | | AAPL | 310.33 | +0.70 | +0.23% | | MSFT | 161.34 | -0.75 | -0.46% | | | | It likely won't be long before the Dow closes above 29,000, Friday's disappointing jobs report notwithstanding. While the numbers came in below expectations, they still managed to show that the labor market remains solid, writes CNBC's Patti Domm.
Wage growth was below expectations, too, but that isn't an entirely bad thing for stock investors.
"The overall picture is good," said Matt Orton, vice president and portfolio specialist at Carillon Tower Advisers. "On top of that, you also avoid overall inflation on the economy. It gives the Fed the ability to hit pause, pushing any rate hike further down the road." Subscribe to CNBC PRO for exclusive insights and analysis, and live business day programming from around the world. |
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