W. Edward Newton Jr., CFP (R) | 13850 Ballantyne Corporate Place, Suite 500 | Charlotte, NC 28277 | 704-552-8689

 

   2nd Down Week + Weak Jobs Report...
           for Week Ending 5/6/2016

 

A strong Friday wasn't enough as the majors all closed down for a 2nd week with the Labor Dept reporting 160,000 jobs in April, down from the 192k average YTD, the weakest job gains report since Sept 15'. For the week the Dow fell 33 points, or -0.19%, the S&P lost 8 points, or -0.40% and the Nasdaq shed 39 points or -0.82%. The average workweek rose .1 hr to 34.5 hrs in April. Have a good weekend! Ed

 



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Regards, W. Edward Newton Jr., CFP (R)

Certified Financial Planner

 

 

 

 

W. Edward Newton Jr., CFP | Certified Financial Planner

13850 Ballantyne Corporate Place, Suite 500 Charlotte, North Carolina 28277 Phone: (704) 552-8689 | Email: ednewton@newtoninvestments.com