In Today's Update:
1) The Employment Situation report was released on Friday and came in slightly ahead of analyst expectations helping the S&P 500 close higher for the seventh straight session. The Dow Jones Industrial Average gained 40.36 or 0.15%, the S&P 500 added to 13.35 or 0.46% while the Nasdaq 100 closed higher by 46.91 or 0.59% and the Russell 2000 finished higher by 15.06 or 0.96%.
2) U.S. Crude Oil Futures hit a five-month high while Gold Futures managed to gain $1.60 or 0.12% despite more gains for the U.S. dollar. The Bond market closed higher on Friday and the yield on the 10-year Treasury Note settled at 2.495%.
3) So now that the jobs report is behind us, do Equity markets have a clear path to new highs? While a move to new highs is likely, there is another stat that should cause traders to pause. Watch today's video to learn more.