Markets End Worst Week of 2012

S&P 500 Nasdaq Dow Jones – Markets End Worst Week of 2012 Market Commentary Video – Markets End Worst Week of 2012 “Commentary S&P 500 Nasdaq Dow Jones” Stock Market Index Commentary S&P 500 Nasdaq Dow Jones Jops Report Disappoints. April brought more of the same. The February jobs total, originally reported as a 227,000 gain in March, was revised to a gain of 240,000 in April.

Today, BLS revised the February total up again — to an increase of 259,000. The March figure, originally reported as a gain of 120,000, was revised sharply upward — to a gain of 154,000. Add it up, and BLS discovered an additional 52,000 payroll jobs that it had missed the first time around. That might not sound like much. But 52,000 jobs at an average weekly salary of $806 is an extra $1.7 billion in monthly compensation flowing into the economy. The Dow Jones was down 161 points and the Nasdaq Composite was down 60.38 points, the S&P 500 index fell 20.71 points. Leadership stocks like CF, AAPL, GOOG, PCLN, CMG, AZO, RL, FOSL, CME have all sold off the highs. We’ll be updating the weekly expiration sell down and the broad based distribution.