The economy added only 103,000 jobs in March, missing estimates of 175,000 and below the February gain of 326,000.
But Shawn Snyder, head of investment strategy at Citi Personal Wealth Management, said the weaker than expected numbers may prevent the Federal Reserve from raising interest rates too quickly, which is seen as good for stocks. Citi still expects 3 rate hikes this year.
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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.
Breaking down an approach to the long side of this biotech stock.
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