Traders are struggling to understand what the unemployment report means to the Federal Reserve and to the markets, but their initial assessment seems to be bullish.
Concerns About Spending Offset by Weak Jobs Data
SPDR SP 500 ETF (NYSE: SPY) gained 0.68% last week despite negative news from several companies throughout the week.
Until Friday, retailers dominated the news about the stock market. J. C. Penney (NYSE: JCP) and Sears (NASDAQ: SHLD) reported disappointing holiday sales and the stocks sold off. Other retailers also reported lower sales. Addressing future profitability, Macy's (NYSE: M) jumped after announcing plans to cut costs. Continue reading "Could It Be, Gold Actually Looks Bullish?"