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Unemployment Numbers Dragging Down the Dow

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  • Description

    FBN's Nicole Petallides on how the jobs numbers are impacting trading.

  • Duration 1:24
  • Date

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-- -- And oil and stocks dropping big time has a number of jobs added in April.

Yet only a disappointing 1151000.

Economists hoping for -- 170000 jobs in the -- penalties.

At the slaughter on the Florida NYSE.

Nicole -- taking a look here at me I'm -- his big picture when you talk about the jobs report it was a surprise and a surprise to the downside not what.

Folks on Wall Street wanted to hear right they wanna get an upside surprise -- a downside surprise it only shows.

The fact that this was a disappointment just on top of other economic news that was up problematic -- here's a look at the Dow right now.

Down one and a quarter percent of the major averages for the week -- -- -- the SP for example was down 2.3 percent this week.

Alone so we have seen selling across the board.

Oil -- gold but signal that the major averages up for the major commodity.

-- the dollar is higher now the dollar has moved lower earlier this morning that the -- pictures oil around this ninety dollar mark to level -- we haven't seen since February.

And we also see some of the energy names selling off gold I should note the slightly higher but when you talk about energy it's the leading losing sector.

On Wall Street we're seeing basically everything to the downside with the exception of the safe haven of gold so Chevron and Exxon for -- -- -- -- our loses Chevron is adding.

I itself almost twenty negative Dow points Exxon nine negative Dow points back yeah.

Right to call -- again manufacturing and so much going on in the energy market as well the cold thank.

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