Stock Market
Market Outlook
On Friday, the popular stock market averages closed well to the downside as weekly options expired. The rate for 10-yr treasury notes closed much higher. The prices closed well down for gold and crude oil.
May non-farm payrolls grew less than in April but more than expected. The unemployment rate remained unchanged. Nevertheless, these added to concerns that the FOMC may raise interest rate targets.
Marvell (MRVL -16.7%) led a rush to profit taking in semiconductor stocks, following record highs earlier this week.
SpaceX (SPCX) will offer a huge IPO next Friday. That may be accelerating profit taking in stocks to raise capital for the IPO.
If you are unhappy with the high price of gasoline, then do as I have done and treat yourself to an electric vehicle. Click here.
Adapt or perish, now as ever, is nature's inexorable imperative. - H.G. Wells
May non-farm payrolls grew less than in April but more than expected. The unemployment rate remained unchanged. Nevertheless, these added to concerns that the FOMC may raise interest rate targets.
Marvell (MRVL -16.7%) led a rush to profit taking in semiconductor stocks, following record highs earlier this week.
SpaceX (SPCX) will offer a huge IPO next Friday. That may be accelerating profit taking in stocks to raise capital for the IPO.
If you are unhappy with the high price of gasoline, then do as I have done and treat yourself to an electric vehicle. Click here.
Adapt or perish, now as ever, is nature's inexorable imperative. - H.G. Wells
