A positive jobs report supported market gains through the day and pushed the Dow Jones Industrial Average to end with a perfect week of records. It was the Dow's eighth straight record close. The S&P 500 and Nasdaq also gained. The number of active rigs in the U.S. fell in the past week, according to Baker Hughes data. Rigs drilling for oil fell by one, while gas drilling declined by three. Crude oil settled higher for the session. Blue Apron (APRN) tumbled this afternoon after announcing plans to close its Jersey City plant in October, a facility that employs 24% of its workforce. Affected employees have the chance to transfer to another Jersey plant. Yelp (YELP) rocketed higher after a better-than-expected quarter and after selling its Eat24 delivery service to GrubHub. Yelp sold that business for roughly double the price it paid around two years ago.
More from Video
How quickly do we find support, is what we'll want to know now, as the correction is occurring while economic optimism builds.
Despite the president's promise of no stimulus until after Nov. 3, there are no signs yet that this is the sort of correlated selling that leads to a deep correction.
Salesforce, Amgen and Honeywell will give a lift to the DJIA going forward.
CAG has hung onto the bulk of its recent gains, and could rise to the $50 area, according to the charts and indicators.