Week in Review
DJIA +43.85 (+0.33%) to 13,435.21; S&P 500 +7.10 (+0.49%) to 1,466.47; NASDAQ +1.09 (+0.04%) to 3,101.66 Hopefully slow and steady will win the race when it comes to the Jobs market. Adding another 155K non-farm jobs was just a tick above analysts expectations and the revised Unemployment rate for November to 7.8% held into December. The market started the morning somewhat choppy while seemingly digest the morning’s economic data and then started a near uninterrupted climb closing near highs of the day. Supervalu (SVU) gapped higher and closed up over 13.5% on a Wall Street Journal report that private equity firm Cerberus Capital is close…
Daily Wrap
DJIA -21.19 (-0.16%) to 13,391.36; S&P 500 -3.05 (-0.21%) to 1,459.37; NASDAQ -11.69 (-0.38%) to 3,100.57 I noted last night that after the previous two days that the market should look to consolidate. Not that it is bearish or due for a massive decline but should consolidate and that is what today was. We started lower, rallied to up by midday and then closed weak, all the wall essentially hovering right around flat. The Fed minutes were released providing some excitement but ultimately I didn’t see anything “market moving” but more just some interesting insight for the econ-nerdy. This type…