(as of 7:05 AM PST)
Stocks opened slightly to the downside after an employment report that was below expectations, but solid enough to keep investors somewhat optimistic that our US economic recovery rolls on. The unemployment rate dropped from 5.9% to 5.8%. Profit reports were mixed. The US dollar is giving back some gains, weakening against most all currencies. That is providing a lift for commodities, which have struggled mightily in recent days. Precious metals and oil are both up. International markets were mixed with most of Europe solidly to the downside. Hopes of more economic stimulus from the Bank of Japan and the European Central Bank are keeping investors interested. Expect equities to break out of this slight dip on a quiet day of trading.
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