The U.S. government reported Friday that 96,000 jobs were created in the U.S. last month, fewer than economists had forecast. The unemployment rate fell to 8.1 per cent from 8.3 per cent, but only because many people gave up looking for work, so they were no longer counted as unemployed.
But market losses were kept in check, since investors now think the Fed might announce another round of bond-buying, known as quantitative easing, at its next meeting on Sept. 13 to help lower interest rates and thus boost loan growth.
On Friday, the Dow Jones industrial average rose following the U.S. jobs report, up 0.1 per cent to close at 13,306.64. The Standard & Poor's 500 index rose 0.4 per cent to 1,437.92. The Nasdaq composite index rose less than 1 point to 3,136.42.
Today's support: - 13298.80 and 13233.62(main), where a delay and correction may happen. After that 13207.50. Break of the latter will give 13160.08, where correction also can be. Then follows 13119.20. Be there a strong impulse, we shall see 13083.70. Continuation will bring 13032.11.
Today's resistance: - 13387.35(main), where a delay and correction may happen. Break would bring 13411.82, where a correction may happen. Then follows 13435.12, where a delay and correction could also be. Be there a strong impulse, we'd see 13466.20. Continuation would bring 13488.73
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