Stocks remained solid but largely unmoved by U.S. jobs data Friday as investors said the pace of job creation was not enough to prompt a change in the Federal Reserve's policy. Labor Department found that the world's largest economy added 192,000 jobs in March. The unemployment rate was unchanged at 6.7 percent. Because the figures matched predictions, they failed to change perceptions over the future policy path of the Federal Reserve.
In the last few years of electric car sales, the only records cars have been breaking are their own. Nissan, for example, has just had its best March ever for Leaf sales. And we know that global electric car sales have doubled each year for the past few years. But now, reports The Wall Street Journal, one electric car has broken an all-time sales record in electric-car friendly Norway. And perhaps unsurprisingly, that car is Tesla's Model S. Tesla sold 1,493 Model S vehicles in March. On its own that's a fairly small number, but Norway is--in terms of population, rather than landmass--a fairly small country of just 5 million people.
Gold prices are moderately higher in early U.S. trading Friday, briefly pushing above what was key psychological resistance at $1,300.00, in the wake of a U.S. jobs report that did not quite meet market expectations. Short covering, bargain hunting and technically related buying are featured, including buy stop orders triggered when prices pushed above $1,300. June gold was last up $11.30 at $1,295.80 an ounce. Spot gold was last quoted up $8.70 at $1,296.00.