Hello traders everywhere! Jeremy Lutz here with your mid-day market update for Friday, the 3rd of August.
The market is off to the races today on a surprisingly strong July jobs report. Will it last?
The Labor Department's monthly jobs report gave investors assurance that the U.S. economy may be doing better all on its own. U.S. employers added 163,000 jobs last month, a sharp turnaround following months of sluggish hiring.
Oil prices have also made a jump on the jobs news today.
Now, let's analyze the major markets and stocks on the move using MarketClub's Trade Triangle Technology.
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