Two news facts drove the markets higher today. First, the U.S. jobs report showed that the economy added 228,000 jobs last month, beating expectations of 198,000. The unemployment rate remained steady at 4.1%. The other market-moving news today was out of Europe. The U.K. and the European Union agreed on three key issues which had been slowing down Brexit negotiations. This news sent the Dow 30 higher by 118, the S&P 500 up 14, and the Nasdaq 100 higher by 27. Washington also agreed on a continuing resolution bill that would fund the government for another two weeks. As of now, the government is set to run out of money on December 22nd.
Caterpillar
Amazon
Western Digital
- https://www.usatoday.com/story/money/careers/2017/12/08/jobs-november-employment-report-offers-positives-negatives-u-s-workers/934792001/
- http://www.bbc.com/news/uk-politics-42277040
- https://www.nytimes.com/2017/12/07/us/politics/house-government-shutdown.html?_r=0
- http://www.foxbusiness.com/features/2017/12/08/news-highlights-top-company-news-day1.html
- https://finance.yahoo.com/news/todays-charts-caterpillar-admits-cheating-customers-smith-ampamp-wesson-owner-plunges-massive-gun-sales-decline-170352448.html
- https://www.reuters.com/article/us-toshiba-chips-western-digital/toshiba-western-digital-aiming-to-settle-chip-dispute-next-week-sources-idUSKBN1E20FF