I’ll post the daily Stock Market Report and Stock Market
Analysis after the close. Here’s some news…
PAYROLL REPORT (Bloomberg)“American employers hired fewer workers than forecast in August and the jobless rate dropped because people left the workforce, bolstering those on the Federal Reserve who want to be more deliberate in removing monetary stimulus…The 142,000 advance in payrolls was smallest this year…’The shortfall in payrolls is disappointing, but it sure looks like a fluke, not a trend,” said Diane Swonk, chief economist at Mesirow Financial Inc. in Chicago.’” – Story at…
http://www.bloomberg.com/news/2014-09-05/payrolls-in-u-s-rose-142-000-in-august-smallest-gain-this-year.html
S&P 500 Futures moved UP 8-points immediately after the payroll data was released so the Market initially liked the weak report since it will keep the Fed in an accommodative mood. Whether the market will stay up remains to be seen.
JOBS BOMBSHELL…STUNNINGLY WEAK (CNBC)
Story at…http://www.cnbc.com/id/101975034
HOURLY EARNINGS & AVERAGE WORKWEEK
Both within expectations...
CEASEFIRE FOR UKRAINE
“Ukraine's President Petro Poroshenko said he had ordered
the army to observe a ceasefire from 1500 GMT (11.00 a.m. EDT) on Friday in its
conflict with pro-Russian separatists in eastern Ukraine after envoys in Minsk
agreed a peace plan for the region.” Story at…http://www.reuters.com/article/2014/09/05/us-ukraine-crisis-president-order-idUSKBN0H01E120140905
