Tech Talk for Friday December 6th 2019

Dec 06 07:12 2019 Print This Article

Pre-opening Comments for Friday December 6th

U.S. equity index futures were higher this morning. S&P 500 futures were up 13 points in pre-opening trade.

Index futures moved higher following release of the November Employment Reports at 8:30 AM EDT. Consensus for November Non-farm Payrolls was an increase of 183,000 versus an upwardly revised gain of 156,000 in October. Actual was a gain of 266,000. November Unemployment Rate was expected to be unchanged from October at 3.6%. Actual was a drop to 3.5%. Consensus for November Hourly Earnings was an increase of 0.3% versus a gain of 0.2% in October. Actual was a gain of 0.2%

The Canadian Dollar dropped 0.27 to U.S. 75.62 cents following release of Canada’s November Employment Reports released at 8:30 AM EST. Consensus for November Employment was an increase of 10,000 versus a decline of 1,800 in October. Actual was a drop of 71,200. Consensus for the November Unemployment Rate was an increase to 5.6% from 5.5% in October. Actual was an increase to 5.9%.

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Tech Talk is a free stock market letter service offering free daily reports on equity markets, sectors, commodities and exchangetraded funds. The Web site has recently received an average of 1.6 million hits per month from 130 countries.

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