On Thursday, July 2nd the Dow Jones ended up 92 points and the S&P 500 ended up 14 points. This followed the Labor Department’s report that the U.S. economy added a greater than expected number of payrolls in June. Stocks like Apple Inc. (APPL), Microsoft Corporation (MSFT), Nike, Inc. (NKE), and Visa, Inc. (V) ended higher.
Although the market reacted positive to Thursday’s unemployment data it’s important to remember that Q2 earnings will be revealed in July. At the end of July we will know the good dates from the bad dates.
Note: Now is not the time to be an overly aggressive volatility or options trader.