Major US stock indexes on Friday showed positive dynamics.
The unemployment rate in the US rose to 4.9% in May from 4.7% in June. The number of jobs in non-agricultural sectors of the economy increased by 287 thousand. Analysts had expected the unemployment rate to rise to 4.8%, but the number of jobs increased by only 175 thousand. The indicator of job growth to 287,000 was the highest in seven months, which has been welcomed by the market.
US Labor Ministry also said that the hourly wage in the country in June rose by 2.6% yoy and amounted to 25.61 dollar.
"These are big numbers This confirms that the economy is still in good condition." - Said the chief investment officer at Wells Fargo Wealth and Investment in New York Darrell Cronk.
Forecast: Hold long positions
Not sure where this thread is headed but it seems meaningless posting few excerpts of the news.
Neutral Networks should be based as follows: I have 40 inputs, in the News:
For these 40 inputs, I know 2 numbers.
How much money would I earn or lose with a buy order
How much money would I earn or lose with a sell order
That is something which needs to be quantified and traded, not news sentiment.