Nov 5, 2012

The market is down 4. SFE Futures were down 3 this morning.

Dow Jones down 139. The Dow was down 156 at worst and up 57 at best. US markets started the session on healthy gains with the Non-farm payroll numbers coming in better then expected but the unemployment rate was up to 7.9% from 7.8%. Markets lost ground towards the end of the day with investors taking profits ahead of the US election that begins this week. Factory orders were up 4.8% for September after being down 5.2% in August. Energy stocks were dragged down by Chevron as their profit results came in below forecasts. Nonfarm payrolls came in at 171,000 which was better then the forecast of 125,000 and the previous reading of 148,000.

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