The market rallied to a fresh 5-month high on Friday. The Dow finished above 11,000 for the first time in about five months. Back in 1999, the Dow crossed such a level for the first time in its history. The September nonfarm payrolls came in somewhat disappointing by showing a job loss of 95k. Private payrolls increased by 64K, also below 74K expected. But movement in the currency market proves once again that economic news is irrelevant sometime.
 
Most major sectors finished the session higher led by energy and materials. The CRB commodity index jumped 2.7%. The US dollar was lower against most currencies. Treasury yields were lower. The three-month US LIBOR was unchanged. The VIX index dropped less than one point. The market breath was positive on both NYSE and Nasdaq. The volume was similar to the previous session.

The market once again settled in a mixed fashion on Thursday despite some better than expected economic news. Initial jobless claims came in at 445K, better than 455K expected. September same-store sales also came in better than expected. The US dollar, meanwhile, hit an eight-month low against the euro and a 15-year low against the yen in today's trading.
 
Most major sectors finished the session lower led by telecom and materials. The CRB commodity index dropped 0.6%. The US dollar was mixed against most currencies. Treasury yields were lower. The three-month US LIBOR was unchanged. The VIX index was little changed. The market was mixed on both NYSE and Nasdaq. The volume was lighter compared to the previous session.

The market had a mixed showing on Wednesday. But considering that it just hit a fresh 4-month high the prior session, some consolidation around the current level should not be seen as disappointing. The September ADP Employment, which is usually used as a proxy for the non-farm payroll report, came in worse than expected by a fall of 39K private positions. Economists were looking for an addition of 18K. The benchmark 10-year treasury saw its yield fell below 2.40% to the lowest level since January 2009.

Most major sectors finished the session lower led by telecom and tech. The CRB commodity index rose 0.3%. The US dollar was lower against most currencies. Treasury yields were lower. The three-month US LIBOR was unchanged. The VIX index dropped less than one point. The market breath was mixed on both NYSE and Nasdaq. The volume was heavier compared to the previous session.

The market rallied sharply on Tuesday and saw all major indexes hit fresh four-month highs. Traders are increasingly optimistic that the Fed is going to make further quantitative easing. Such conclusion was drawn from actions taken by Japan's central bank, which not only cut its key interest rate to near zero but announced plans for a 5 trillion yen fund to purchase bonds and other asset backed securities, including ETFs and REITs. The idea that a central bank might purchase equities to stimulate its economy made traders excited. Volume also came stronger than usual in today's trading with over 1.2 billion shares changed hands on the NYSE. Separately, the September ISM Service Index came in at 53.2, up slightly from the prior month.
 
All 10 major sectors finished the session higher led by industrials and materials. The CRB commodity index jumped 1.6%. The US dollar was lower against most currencies. Treasury yields were lower. The three-month US LIBOR was unchanged. The VIX index dropped more than one point. The market breath was positive on both NYSE and Nasdaq. The volume was heavier compared to the previous session.

The market dropped on Monday with most major indexes suffering losses of around 1%. We had some mixed economic news in today's trading. Factory orders for August fell 0.5%, a little worse than expected. The prior month's figure was revised higher. Pending home sales, meanwhile, increased a stronger-than-expected 4.3% month-over-month. Shares of the Dow component American express had its single worst session since January as it would challenge an antitrust lawsuit by the government. Two other credit card companies, Visa and Mastercard, plan to settle the antitrust case and saw their share prices slightly lower for the session.
 
All 10 major sectors finished the session lower led by energy and materials. The CRB commodity index dipped 0.6%. The US dollar was higher against most currencies. Treasury yields were lower. The three-month US LIBOR was unchanged. The VIX index rose more than one point. The market breath was positive on both NYSE and Nasdaq. The volume was lighter compared to the previous session.