At-a-Glance
Today’s Top Highlights
Markets are mixed finishing out the week across board on a data heavy day looking at key jobs and payroll reports. The Nonfarm payroll report was released this morning and came in worse than expected while the unemployment report was slightly lower than expected. Silver was the standout market on the day today trading up over 6% while Gold also saw slight gains being up over 1%. Both Gold and Silver have fallen slightly from their all time high prices this week with strong volatility, especially with Silver, but with this positive momentum to end this week traders will be eying the all time high prices early next week.
Looking at the equities, the S&P, Nasdaq and Russell all traded higher led by the Nasdaq, and the S&P and Russell were both able to carve out a new all time high price today to wrap up the week. The Nasdaq is still a bit away from its all time high price but with the strong moves by the other equities to end the week, there could be a test next week at the all time high levels. FedWatch saw a slight increase today for the probability for an interest rate pause from near 85% to now 95% probability, and traders will be watching that figure as we approach the Fed’s next meeting at the end of January.
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