The long-awaited employment report rattled markets. The softer figure signal challenges to the economic recovery. Combined with other data, it appears that today’s disappointing print for jobs is less an issue of demand and more of supply.

Despite of that, the S&P 500 rose to a new high as investors believe easy monetary policies will remain in place for longer.

Only two sectors are in red, while Energy continues to outperform this week. Oil still finding some resistance at $64.90.

Advancers are leading decliners on both NYSE and Nasdaq. Up volume swamped down volume more than 3:1.

Let’s stay on the sidelines this afternoon.