S&P near unchanged. Dow higher
The Pavlovian reaction to stronger jobs, which can lead to higher rates, a tighter Fed, is a flow out of the riskier Nasdaq stocks and into the more cyclical Dow stocks.
The futures are implying:
- Dow up 110 points
- S&P up 3.4 points
- Nasdaq, down 60 points
The NASDAQ and S&P both closed at record highs yesterday.
