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Afternoon Note

Muted

By Karina Hernandez, Senior Research Analyst
12/8/2023 1:34 PM

Stocks are moving between gains and losses as traders digested the latest set of economic data.

This morning’s jobs report saw the unemployment rate taking a step down in November, after trending higher for the most part.

Notably, construction jobs increased, while retail trade was weak.

We saw a shocking reversal in consumer sentiment. This is welcome news.

…but still in a downtrend since the start of the pandemic.

Energy is holding the lead by a solid margin. Crude prices are rebounding following yesterday’s slip to its lowest level since the end of June.

Have a great weekend, and for those celebrating, Happy Hanukkah. 

 


Comments
And a Happy Hanakuh to All!

Charles A Haselberger on 12/8/2023 1:48:23 PM
 

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