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Positive Jobs Report Unable to Boost the Markets

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  • Description

    FBN’s Nicole Petallides breaks down the day in the markets.

  • Duration 2:00
  • Date

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This transcript is automatically generated

And a cold she's at the New York Stock Exchange.

Early this morning -- -- is really the positive jobs report better than expected other ultra really -- and boost the markets earlier acted -- What traders impressed with the numbers.

Just an initial I mean when you start to hear all the experts talk about the fact without with the rate of growth that we are seeing it will take nine to ten years to even get back.

-- normal levels for employment that's certainly doesn't make you feel that you should be buying this market on the contrary it's John repeated noted they're selling short term selling now.

Going into the close because they just don't want to hold positions in next to give a key election.

And look at what happened to apple -- we put up the apples chart because less than I would it was down 21 box it's over 3% -- it just one day -- about three and a half percent loss now.

There doesn't seem to be a bottom of the stock right now.

It's it's very interesting Dave does it and it looked like it was going higher we saw the lines this morning as someone my own eyes for the iPad -- on Fifth Avenue in Manhattan.

And yet today now selling into the closes while you right.

Okay energy among the worst performing sectors today.

Oil ended the week down almost 2% we have natural gas significantly lower same with our bought gasoline what are the names behind all of that that energy complex that are leading the -- -- I would certainly put Chevron and Chesapeake -- Pat -- -- they both came out with the numbers in earnings we're not seeing oil production -- name like Chevron and they've basically did not meet the street.

Analysts' expectations with the exception of -- Most of the energy names came under pressure.

Okay we're focusing on oil let's focus a little bit on natural gas if it did take a hit today we have somebody coming up here by the way who.

Is betting on natural gas clean energy is his name of -- company we're going to be talking to him later but again -- -- but not as significantly.

I here.

We like those.

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