Mississauga, ON -- (SBWIRE) -- 05/09/2016 -- AllPennyStocks.com Media, Inc. (http://www.AllPennyStocks.com/) announces its latest article titled "Marathon Patent's Subsidiary Signs License Agreement with Titanium2Bone."
Companies mentioned in this article include Marathon Patent Group Inc. (NASDAQ:MARA).
Friday's weak jobs report did not have a negative impact on U.S. equities. All three benchmark indexes in the U.S. closed higher on Friday. The gains indicate that market participants expect Friday's weak jobs report to push rate hikes further.
The Federal Reserve hiked benchmark interest rates for the first in almost a decade in December. The Fed was expected to hike interest rates at least four times in 2016. However, the volatility in global markets has forced the central bank to reconsider the pace of rate hikes. Even before Friday's weak jobs report, the central bank had said that it would hike interest rates just twice in 2016. But even that looks unlikely now.
A delay in rate hike augurs well for risk assets such as equities and that is possibly the reason why stocks went up on Friday despite the disappointing jobs data.
In today's trading, the Dow Jones has edged lower but the S&P 500 and the NASDAQ are higher. In the OTC market, one of the major movers in trading today has been Marathon Patent Group Inc. (NASDAQ:MARA).
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