By  on April 21, 2016

The U.S. stock market seemed to ignore the positive jobs report and instead focused on comments from the European Central Bank president Mario Draghi, who said he would not lower interest rates. Investors really wanted to hear about more monetary easing and so the selling began.

The weekly jobs report continues to show strength in employment with only 247,000 filing for unemployment claims versus an expected 263,000, the lowest levels since 1973.

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