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Market Bounces Back on Strong Jobs Report

Marc Sperling
Jun 7, 2013, 3:05 PM

The market finished with healthy gains Friday after the non-farm payrolls number released before the open topped expectations. The S&P gapped up around 9-10 handles, and after brief selling off the open was able to turn higher to tack on additional gains. In today's Morning Call we wrote about how this morning's jobs report delivered perhaps the perfect number for the market at this stage. Investors were encouraged to see better-than-expected job growth, but the number was not good enough to conceivably hasten the Fed's tapering of QE.

 

Scott Redler's Morning Note provided a great roadmap for the market this week as the S&P bounced off the 50-day moving average. Below are the links to each of this week's Morning Notes:

 

Monday: June Swoon?

Tuesday: Blackjack Tuesday

Wednesday: Abe-geddon Fears

Thursday: Eye SPY

Friday: Just Right

 

Opt-in to Scott's free Morning Note to get the newsletter in your inbox every day before 8:45am ET.

 

 

 

*DISCLOSURES: Marc Sperling is long GMCR, EBAY, YHOO, UNXL, GOOG, AMZN, OSTK, INTC, IYR, INTC calls, ZNGA calls, IYR calls, AAPL calls, LNKD calls.
Last Updated ( Friday, 07 June 2013 15:09 )
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