Stocks mixed after good job numbers

 

Major indices are mixed this Friday morning after a better than expected July jobs report. The country added 209,000 jobs in July, which was well above the forecast 180,000, and to top it off, June’s job number was bumped up by 9,000. The very hot Mercadolibre (MELI) announced worse than expected earnings and is down 7.7%, while the very cold GoPro (GPRO) announced better than expected earnings and is up 15%.

West Texas Intermediate crude is trading at $48.95. At present, the S&P 500 is up 0.07%, the DJIA is up 0.05%, and the NASDAQ is down 0.05%.

Here are your Friday morning market metrics. Industries doing well today include banks, trading companies, and technology hardware. Industries showing weakness include construction & engineering, media, and commercial services. The VIX is down 6% to 9.8 after closing on Thursday at 10.44. The most heavily traded options this morning are for Pandora, (P), with 5,000 September-15 13 calls on the board. The total put/call ratio as of 10:00 AM was 0.9 (362,003/324,862). The advancers/decliners ratio for the NYSE is 1,418/1,386 and for the NASDAQ 1,385/1,299.

Symbols: GPRO MELI P

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