Reaction To The Jobs Report

Good morning. The long awaited jobs report showed nonfarm payrolls rose 132,000 while previous months are revised higher. Hourly earnings rose 0.3%, matching economists' forecasts and bringing the year/year rate to 3.9%, while unemployment held steady at a low 4.5% rate. So far the reaction to the report has been mixed.

Beyond the jobs report, investors don't seem excited about this morning's M&A news (see BOL, DJ, & CBOT) and strength in overseas markets. I suspect it has more to do with the timing than the news itself. Many traders have opted for a 3-day weekend and from what I'm seeing so far in my scans this morning, it won't be long until I join them. Have a great day!