The unemployment rate fell to 6.7% from 7.0% to mark the lowest level since October 2008. Yet the decline appeared to occur partly because more people dropped out of the labor force; some 347,000 Americans were no longer looking for work in December. Markets react to disappointing December jobs data Brendan Conway takes a look at the markets, including three stocks to watch today. Photo: Getty. When the nonfarm-payrolls report is worse than expected, the S&P 500 and nine out of ten sectors have averaged declines. Sectors that have typically held up the best are utilities, materials, and consumer staples.
Full story: http://www.marketwatch.com/story/us-stocks-edge-higher-after-jobs-report-2014-01-10