“For better or worse, the U.S. economy is back on the top of the stock market’s watch list, with the European sovereign debt crisis a close second.
A surprisingly strong jobs report Fridaycame at the end of a week of spotty economic news and worries about global growth. A dramatic selloff in commodities took its toll on equities, but stocks moved higher again when the government report showed that 244,000 jobs were added in April.
Crude oil was down nearly 15 percent, gasoline futures fell 9 percent, gold slid 4 percent, and silver, which led the decline, was down 27 percent…..”
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