September 6, 2019

The markets closed higher for a third consecutive day as investors react to the disappointing jobs report released this morning.  The US economy added 130,000 jobs in August while unemployment remained steady at 3.7%.  Wages grew more than expected, expanding by 3.2% year over year.  Investors now look for clues about the Federal Reserve’s next monetary policy move later this month.  At the end of the day, stocks logged a positive week after the US and China agreed to hold high-level trade talks in early October.  Here’s a look at how Wall Street closed the day:

 

DOW              +69 at 26797

SP500             +2 at 2978

NASDAQ       -13 at 8103

10 Year Treasury closed up 1.5 basis points to yield 1.56%

Oil prices closed +.28 at 56.58 a barrel

Gold prices closed -12.30 at 1513.20 an ounce

 

In the days’ stock news:

 

  • LULU closed up nearly 8% after reporting revenue and earnings above forecasts, also raising its full-year guidance.  Results were boosted by strength in online sales and in the menswear category.
  • GrubHub announced a new delivery partnership with McDonald’s in New York City and the Tri-State area.  GRUB closed up a nickel on the news.