Dow Jones Industrial Average News, 4/1/2016: Today (Friday) the markets will be digesting the March jobs report, but the bigger news is that today is the first day of the second quarter.
It's looking pretty dangerous out here: S&P Capital projects Q2-2016 to produce the worst set of quarterly earnings reports since 2009. According to Thomson Reuters, S&P 500 earnings are expected to slump by 6.9% in the first quarter, the worst numbers we've seen since the height of the financial crisis. It gets even worse for the energy sector, where the average energy profit figures are set to fall by 99% across the board. No, this is not an April Fools joke.
But cheer up.
There's plenty of good stock market news, stocks to watch, ways to profit and a busy economic calendar for April 1, 2016.
Dow Jones futures today projected an 85-point decline this morning after the U.S. Labor Department reported that the March unemployment rate increased to 5% and that the economy added 215,000 jobs for the month. Energy stocks were trailing due to a decline in oil prices.
Here's a breakdown of why the Dow is moving upward this morning.
Now here's your list of top stocks to watch in today's market, plus today's economic calendar:
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