This Friday is Jobs Friday. Due to the fact that the stock market is currently closed, attention is being focused on the bond market and a condensed trading session for stock futures.
According to newly released data, the rate of hiring in the United States slowed down in March. Employers hired 236,000 workers, which was a tiny miss, but the unemployment rate fell to 3.5%.
Following the release of the report, increases were seen in bond rates, stock futures, and the value of the US dollar. On Good Friday, trading in the bond market is scheduled to come to an early finish at 12 p.m. Eastern Time. At 9:15 a.m. Eastern Time, trade in stock futures came to a halt.
A week full of economic data, which, for the most part, has been dissatisfying and has kept markets on high alert for a recession, comes to a close with the release of the jobs report.
The Dow finished the week with a gain of 0.6%, while the Nasdaq had a loss of 1.1% and the S&P 500 experienced a loss of 0.1%.
What exactly are we reading:
Investors Are Placing More Betting on Interest Rate Hikes in May
After the Most Recent Fed Rate Rise, Several Banks Have Seen Declines in the Values of Their Loans Took Place Right to the Last Second
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