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Afternoon Note

Job Openings in America Climb Faster Than Expected

By Charles Payne, CEO & Principal Analyst
7/7/2020 1:43 PM

In May, there were 5,397,000 job openings up from 4.99 million, while the experts were looking for a decline to 4.85 million.

The news put a jolt into the session – prior to releases (9:59) trading levels

The S&P 500 and Dow Jones pullback, but NASDAQ continues to roar ahead.  Overall, it is a summer doldrums, as the session awaits for news.

Issues:

NYSE

NASDAQ

Advancing

936

1,324

Declining

1,934

1,866

52 Week High

43

106

52 Week Low

2

16

Advancing

571.71M

862.79M

Declining

973.40M

1.08B

 

With that in mind, sellers are not bolting for the door and that speaks volumes.

Let's not force the issue this afternoon. 


 

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