The big number being talked about this week is the unemployment rate. The reading of 5.8% is down from last month’s 6.1% and the number of unemployed people is at 9.3 million.
Equity indices languished on the week inside a very tight range. The S&P 500 gained 0.3% and the NASDAQ Composite gained 0.2% as heavyweights stalled. However, oversold names rallied as did small caps.