Gold sinks, US dollar surges, stocks rise after strong July jobs report
Stocks (^DJI, ^GSPC, ^IXIC) are up at the midday mark, led by the finance (XLF) sector while utilities (XLU) are the most in the red. Alan Valdes, director of floor operations at Silverbear Capital, joins us live from the floor of the New York Stock Exchange. To discuss the other big stories of the day, Alexis Christoforous is joined by Yahoo Finance Editor-in-Chief Andy Serwer, as well as Yahoo Finance’s Myles Udland.
Today on Midday Movers, we discuss:
Digging into the monthly jobs numbers
US finally closed the ‘jobs gap’ from the last recession: Hamilton Project
Markets react to job numbers
What the drop in gold price says about the economy?
Crude oil frustrating investors
Google reportedly offered $30B for Snapchat
How much do you need to be rich?
Dunkin’ dropping ‘Donuts’ from name