Stocks closed mostly unchanged yesterday after being down 3% intraday after the Federal Reserve suggested they could hold off raising interest rates later this month.
According to the Bureau of Labor the US economy added 155,000 jobs in November and the unemployment rate remained unchanged at 3.7%. The most job gains occurred in health care, manufacturing, and transportation.
The Institute for Supply Management said that its non-manufacturing index in November rose to a seasonally adjusted 60.7%, up from 60.3% in October the second-strongest reading in 13 years.
The commerce department said that the US trade deficit rose 1.7% to $55.5 Billion which is a 10-year high, amid a record shortfall with China. Ironically this stems from tariffs imposed by President Trump in an effort to reduce the deficit.