ETFs Move as Jobs Data Sinks In (SPY) (GLD) (USO) (UUP) (IEF)

ETFs are moving following USD Change in Non-farm Payrolls (APR) print of 115K vs. consensus 165K.

SPY (S&P 500) (NYSE: SPY) - Trading DOWN 1% at $137.88 vs. $139.25 previous close

GLD (Spot Gold) (NYSE: GLD) - Trading UP 0.4% at $159.66 vs. $158.97 previous close

USO (Crude Oil) (NYSE: USO) – Trading DOWN 3.1% at $37.63 vs. $38.8 previous close

UUP (Dollar Index) (NYSE: UUP) – Trading FLAT at $21.94 vs. $21.93 previous close

IEF (7 to 10 year US Bonds) (NYSE: IEF) Trading UP 0.3% 105.79 vs. $105.51 previous close

The print in payrolls was more mixed than negative, since despite a weaker than expected April, March numbers were revised up. More importantly, the numbers failed to provide clear direction on future Fed monetary policy or economic momentum.

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