November 4, 2022

By Nigam Arora & Dr. Natasha Arora

To gain an edge, this is what you need to know today.

Hotter Jobs Report

Please click here for a chart of S&P 500 ETF (SPY) which represents the benchmark stock market index S&P 500 (SPX).

Note the following:

• The chart shows there is buying in the early trade.  The buying in stocks is occurring after the release of the jobs report.
• The jobs report is hotter than expected.  Here are the details:
  • Non-farm private payrolls came at 233K vs. 225K consensus.
  • Non-farm payrolls came at 261K vs. 220K consensus.
  • Unemployment rate came at 3.7% vs.