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Today's Commentary
 
Monday, February 08, 2016


While this morning's nonfarm payrolls report was mixed, the Dow Jones Industrial Average (DJIA) has taken a decidedly bearish turn, down triple digits at midday.

While the U.S. added fewer-than-expected jobs in January, a dip in the unemployment rate (to levels not seen since 2008) and a jump in hourly wages sparked worries that the Fed may again raise interest rates.

Elsewhere, traders are weighing a slight bounce in crude oil -- with March-dated futures last seen 0.4% higher at $31.86 per barrel -- against a generally downbeat day of earnings.

 
  


 
 
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