Friday's Market Recap - Stock Up Again, On Strong November Employment Data, And Better Than Expe

What is The Premarket Telling Us?

7:00 AM.

US stock futures are modestly up on the last trading day of the week. Dow futures up 33 points, Nasdaq rose 26 points, and the S&P up 4.25 points. Asian markets close the day higher, and Europe in up early.

On The Bond Desk:

US 10 year bond up 2.38%, up 0.05% or five basis points.

Currency Desk:

Euro dollar at 1.17

UK Pound at 1.34

Crude Oil:

WTI crude oil futures pointing higher at $57.40/barrel, up 1.25%.

On the Earnings Calendar:

None

In M&A News:

None.

What About The Asian And European Markets?

Major Asian markets were all up on today. Japan (Nikkei 225) up 1.39%, Shanghai gained 0.55%, Hong Kong (Hang Seng) up 1.19%.

European markets also closed higher. Germany DAX gained 0.83%, France CAC 40 up 0.28%, and London FTSE 100 up 1.00%.

Market And Sector Dynamics

Markets opened moderately higher, with the Dow up 65 points, Nasdaq up 48 points, and the S&P up 9 points. Microsoft and Boeing are led the markets early. Asian markets closed higher overnight on better than expected productivity numbers coming out of China.

Stocks remained in positive territory for the entire trading session, climbing gradually, as the day progressed.

Investor are felling relatively positive about a following issues; the tax reform plan now in conference in the congress, a strong November jobs report, and a favorable Brexit deal for British Prime Minister, Theresa May, that allow them to go on to the next stage of the negotiations.

All eleven S&P sectors closed with solid gains, led by healthcare, consumer goods, energy, financials, industrials, telecommunications, and technology.

Factors Influencing Today's Market

• Crude oil prices rose moderately in the session. WTI crude oil closed at $57.36/barrel, up 1.18%.

• This week's Baker Hughes oil rig count up 2 to 751 total.

• Another strong month of employment gains, as the economy added 228, 000 new jobs, with the unemployment rate holds at 4.1%.

• Both the House and the Senate Tax bills are been worked out in conference on Capitol Hill

• Better than expected productivity numbers coming in from China.

• Talk of a Bitcoin bubble dominates financial news.

Market Close Volume Traded And Advance Decline Ratio

At the end of trading the the major indexes were higher. The Dow gained 117.68 points, Nasdaq rose 27.24 points, and the S&P added 14.52 points. Total NYSE volume traded, 3.13 billion shares. Advancing shares outpaced Declining shares almost 2:1.

Data Sources: Bloomberg, CNBC, CNN Money, Google Finance, Market Watch, TD Ameritrade, Yahoo Finance.