[Chart courtesy of MarketWatch.com] Despite a weak jobs report, stocks opened higher. ADP reported that private sector hiring added just 37,000 jobs in May—way below the already-lowered April figure of 60,000 and far short of the 110,000 economists were expecting. That’s raising eyebrows ahead of Friday’s big non-farm payroll report, which is forecast to show a gain of 125,000. The …
Stocks Rally On Job Openings Boost—But Will Payrolls Play Along?
[Chart courtesy of MarketWatch.com] Markets picked up where they left off yesterday, building on modest gains despite a flat start as traders kept a close eye on potential developments in U.S.-China trade talks.** However, not everything was working in the bulls’ favor. The OECD trimmed its U.S. growth forecast to 1.6% from 2.2%, casting a bit of a shadow over …
Gold And Silver Shine As Trade Fears Weigh On Dollar
[Chart courtesy of MarketWatch.com] Global trade tensions had markets on edge early in the day, with major indexes slipping into the red right out of the gate. The pressure came after China pushed back on U.S. claims that it had violated a temporary trade deal—blaming Washington for not holding up its end. The back-and-forth between the two powers made it …