US employers add 80,000 jobs as economy struggles

Posted on by The INO.com Team

By CHRISTOPHER S. RUGABER
AP Economics Writer

(AP:WASHINGTON) U.S. employers added only 80,000 jobs in June, a third straight month of weak hiring that shows the economy is still struggling three years after the recession ended.

The unemployment rate was unchanged at 8.2 percent, the Labor Department said in its report Friday.

The economy added an average of just 75,000 jobs a month in the April-June quarter. That's one-third of the 226,000 a month created in the first quarter. Continue reading "US employers add 80,000 jobs as economy struggles" →

Morning Commentary for the Indexes

Posted on by The INO.com Team

The September NASDAQ 100 closed higher on Thursday as it extends the rally off June's low. The high-range close sets the stage for a steady to higher opening when Friday's night session begins trading. Stochastics and the RSI are bullish signaling that sideways to higher prices are possible near-term. If September extends the rally off June's low, gap resistance crossing at 2686.50 is the next upside target. Closes below the 20-day moving average crossing at 2569.02 would confirm that a short-term top has been posted. First resistance is today's high crossing at 2655.75. Second resistance is gap resistance crossing at 2686.50. First support is the 20-day moving average crossing at 2569.02. Second support is last Thursday's low crossing at 2503.50. Continue reading "Morning Commentary for the Indexes" →

Stocks Turning In Mixed Performance In Mid-Day Trading

Posted on by The INO.com Team

(RTTNews) - Stocks have turned mixed over the course of the trading day on Thursday after showing a notable move to the downside earlier in the session. Trading activity has remained subdued, contributing to a relatively lackluster performance on Wall Street.

The major averages currently remain on opposite sides of the unchanged line, with the Nasdaq posting a modest gain. While the Nasdaq is up 4.60 points or 0.2 percent at 2,980.68, the Dow is down 23.01 points or 0.2 percent at 12,920.81 and the S&P 500 is down 3.92 points or 0.3 percent at 1,370.10. Continue reading "Stocks Turning In Mixed Performance In Mid-Day Trading" →

Currencies Morning Commentary

Posted on by The INO.com Team

The September Dollar was lower in overnight trading. Stochastics and the RSI are bearish signaling that sideways to lower prices are possible near-term. If September extends last Friday's decline, June's low crossing at 81.39 is the next downside target. Closes above the 20-day moving average crossing at 82.40 would temper the near-term bearish outlook. First resistance is the 20-day moving average crossing at 82.40. Second resistance is the reaction high crossing at 83.07. First support it last Friday's low crossing at 81.56. Second support is June's low crossing at 81.39. Continue reading "Currencies Morning Commentary" →