Despite a slower start, the S&P 500 followed trading up to resistance at 2744-2745.25 and the highest level since March 19. Here, Friday morning, we discussed the increasing likeliness that Nonfarm Payroll would be beneficial to stocks and that is exactly how a strong report played out; Average Hourly earnings and job growth both topped expectations at +0.3% and 223k respectively. Benchmarks around the globe are higher this morning with Asia leading the way; the Nikkei is +1.37% and the Hang Seng +1.66%.
From:: Resource Investor