Friday, August 6, Market Recap

Good Evening,

Today, August 6…

The DJIA rose 0.40%

The S&P 500 was up 0.20%

The Nasdaq Composite fell 0.40%

Industrials led the market today.

General Market Review

Economic Data

The unemployment rate fell from 5.9% to 5.4% last month. A total of 943,000 jobs were created in July. The August jobs report will help in deciding when the Fed will begin tapering.

Tech

US Treasury yields rose near 1.30% following an employment report. Tech stocks were lower with Apple and Amazon down 0.48% and 0.92%, respectively.

Industrials

Virgin Galactic added 5.90% after the company reopened ticket sales for seats starting from 4450,000 for space tourism. The company reported quarterly results, missing on earnings and beating revenue.

Charts by TradingView