Daily Updates

Stock Market Today: December 6, 2019

Harvey S. Katz, CFA | 12/06/2019

The stock market, which broke a three-day losing streak on Wednesday, resumed its losing ways yesterday morning, after a brief early extension of the prior session's comeback.  As to the market, the afternoon rebound continued into the close, with the indexes scoring modest gains, led by the Dow's 28-point advance. Regarding the employment situation, the nation, as noted, added a blockbuster 266,000 jobs last month while the unemployment rate eased to 3.5%, one-tenth of a point below the forecast. Taking the various components into account, this was a much stronger than expected report and the futures moved up notably ahead of the opening bell, and stocks got off to a healthy start when the trading day commenced.

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