“The U.S. dollar tumbled against the euro and yen after the Labor Department said the U.S. economy added a weaker-than-expected 126,000 jobs in March, the worst reading since December 2013…A bright spot in the report, according to several analysts, was average hourly wages, which rose by 0.3%, beating expectations of 0.2%.” Story at…
http://www.marketwatch.com/story/dollar-bides-time-against-rivals-ahead-of-us-jobs-data-2015-04-03
FUTURES REACT TO BAD PAYROLLS REPORT
It’s pretty clear that the payroll report was released at 8:30.
Chart from…http://www.investing.com/indices/us-spx-500-futures
OTHER THAN FUTURES, MARKETS WERE CLOSED TODAY
It will be interesting to see if the negative reaction carries over to Monday. Don’t panic yet; this isn’t a complete surprise. The economy did stumble in the first quarter.
Happy Passover and Easter seasons.
