2017 Economic Calendar
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Market Reflections  

August 4, 2017
July employment proved solid throughout, led by a higher-than-expected 209,000 gain for nonfarm payrolls and including a 0.3 percent gain for average hourly earnings. Manufacturing payrolls are a special positive of the report, posting a second straight big gain.

The Dow posted a solid gain of its own, up 0.3 percent for its 8th straight record close at 22,092. For the week, the Dow gained 1.2 percent and is up 11.8 percent year-to-date.

Money moved out of the safety of bonds but not much as the 10-year yield rose 4 basis points but still ended the week down 3 basis points at 2.26 percent. The dollar index ended the week with a 0.4 percent gain at 93.63 while oil and gold both ended about 1 percent lower on the week, at just over $49 and just over $1,260.

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