BRIEF MID-WEEK MARKETS UPDATE (3:30 pm EST)
The U.S. Department of Labor employment data for March comes out this Friday, and it may have a significant impact on financial markets. December, January and February numbers were disappointing, and some analysts are expecting positive numbers in March and April to indicate the economy is recovering. The payroll-processing firm ADP released its employment report for March this morning, and the numbers were a bit below expectations. The Labor Department's report on Friday may mirror this. Trading should be avoided until we see how markets react to Friday's data.
The DOW has been rising since Monday but still has not exceeded its all-time high of 16,588. A positive employment report on Friday may propel it through that mark; on the other hand, more disappointing figures could turn the broad stock market down into another correction.
Gold and silver are up a bit since Monday. If prices continue rising into Friday we may be setting up for another downturn.
The U.S. Department of Labor employment data for March comes out this Friday, and it may have a significant impact on financial markets. December, January and February numbers were disappointing, and some analysts are expecting positive numbers in March and April to indicate the economy is recovering. The payroll-processing firm ADP released its employment report for March this morning, and the numbers were a bit below expectations. The Labor Department's report on Friday may mirror this. Trading should be avoided until we see how markets react to Friday's data.
The DOW has been rising since Monday but still has not exceeded its all-time high of 16,588. A positive employment report on Friday may propel it through that mark; on the other hand, more disappointing figures could turn the broad stock market down into another correction.
Gold and silver are up a bit since Monday. If prices continue rising into Friday we may be setting up for another downturn.
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